"Text Game" can't play anymore!The White House acknowledged the "temporary inflation theory", misleading the public suspicion

[Global Times Comprehensive Report] Affected by factors such as the epidemic, the United States has recently suffered rare inflation in 40 years, but the Bayeng government insisted that the inflation was "temporary." Facing the pressure of public opinion, the White House finally admitted that this expression was too vague and misleading the public this Monday. This carefully made "text game" could not be proceeded.

Biden Data Map. Picture source: IC Photo

The United States "New York Post" reported on the 20th that in the past year, the Bayeng government has repeatedly said that the inflation phenomenon that raging the United States has been "temporary." In July 2021, Biden said in a public speech: "As the economic recovery, we will find that some commodities have risen. Some people worry that this is persistent inflation, but we don’t think so. Most commodity prices should be temporary. "As of June of this year, the national consumer price index had risen by 9.1%, a maximum increase since 1981. On the 15th of this month, the US Fox News Network took the lead in making difficulties. The article sarcastically said: "Since the Bayeng government published the 'temporary inflation' speech, the nation's prices have risen for 13 consecutive months." At the White House press conference on the 18th, Bernstein, chief economist of the White House, publicly acknowledged for the first time that the Bayeng government described the inflation phenomenon with the term "temporary" and would leave an wrong impression on the public.

At the press conference, Parker, a reporter from the Washington Post, asked: "What made the White House realize the word transitory?" The concept, that is, the problem of 'cyclical' ... "But the reporter didn't seem to understand, and immediately interrupted him and asked" What are you talking about? "Bernstein had to explain in a more straightforward way. Ordinary people heard" The term "temporary nature", the first reaction may be the length of "a few weeks" or "a few months", but if it is an economist to see this word, the head of the brain must be the economic cycle for a long time. Because the word "transitory" does not clearly define how long the "temporary nature" is, there will definitely be a significant deviation in the understanding.

In fact, the abuse of the U.S. government and the Federal Reserve for the term "temporary" has long aroused dissatisfaction among all sectors of society and caused many parties. According to the Federal Reserve, the "temporary" of "temporary inflation" in the Federal Reserve is based on the "year" as a measurement unit. (Liu Haoran)

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