The inflation fear appears here and there, but mostly around government initiatives. One problem with this fear is: regardless of how you measure it, there’s no inflation in government initiatives. Economists spend a lot of time in the media repeating this.
But “inflation” is not even a public concern. You won’t find it in polls or, for instance, Google Search trends:
In fact, “inflation” is a problem in just one place:
Ok, in two places. Wall Street made traffic for NYC. Meanwhile, elsewhere:
Employment does remain a top problem in public polls for long. You might expect the media to keep the public updated on this, but:
The New York Times devotes about the same attention to inflation as to unemployment, despite unemployment being a much bigger concern.
What comes after ignoring both public and experts? Correlation in the tail of the plot is suggestive:
And anyone who disagrees is a witch!