US inflation correlates with......Republican hysteria!!!!??👀👀👀

[Joes Place]

https://www.wsj.com/politics/policy/inflation-differs-republican-democrat-states-data-14800c1e

Republicans right now think inflation is a much bigger problem than Democrats do, and a lot of that is just politics. But here’s another possibility: Many of the places Republicans live indeed have had significantly higher inflation than Democratic enclaves.

In new research, economists Carola Binder, Rupal Kamdar and Jane Ryngaert examined Labor Department inflation figures for U.S. metropolitan areas, and compared them with voting data. Their finding: Metro areas with more Republicans and independent voters tended to have higher inflation in 2022 than places where Democrats live.

A Wall Street Journal analysis found a similar pattern at the state level. Inflation estimates provided by Moody’s Analytics, combined with voting data, show that states where Donald Trump garnered the most votes in 2020 have on balance experienced higher inflation.
For example, South Carolina experienced the most inflation of any state since the pandemic hit. Its consumer prices rose at a 4.88% annual rate between December 2019 and last month. South Carolina elected Trump with 56% of the votes cast between him and President Biden in 2020.

In contrast, New Hampshire had the least inflation of any state, with prices rising at a 3.75% rate. It elected Biden with 54% of the Trump/Biden vote.


Almost like these GOP areas are jacking up their own inflation to "own the libs", I guess...






Correlation here is impressive!

https://conference.nber.org/conf_papers/f192768.pdf

Paper conclusion indicates that if ALL voters had "imagined" inflation like the GOP, did, actual inflation would have been 2 to 4 percentage points higher.

During the COVID-19 rise in inflation, Democratic expectations stayed remarkably level anchored while Republican inflation expectations rose and fell with realized inflation. This environment-- in which two groups of consumers face the same macroeconomic conditions and monetary policy, but different beliefs about the monetary regime --provides a unique setting in which to study the effects of inflation expectations on inflation. We exploit the geographic variation in political affiliation to show that the partial de-anchoring of expectations increased inflation. In counterfactual exercises, we show that had all expectations become as unanchored as those of Republicans, average inflation would have been two to four percentage points higher in 2021 to 2024.

Ergo: propaganda actually impacts inflation economics!!!!

 

[tarheelbybirth]

Almost like these GOP areas are jacking up their own inflation to "own the libs", I guess...

Nothing they do should surprise me. If Trump told them to cut off their own balls and blame Biden for turning them into eunuchs, they’d be sawing away before he was done talking.

 

[KFsdisciple]

It's supply and demand, nobody wants to live in crime ridden Democrat shitholes so demand is higher for places like Florida.

 

[Joes Place]

It's supply and demand, nobody wants to live in crime ridden Democrat shitholes

Actually, quite the opposite.

It's why TX wants to changes how its votes are counted to go by "counties", because all of the people there live in about 7 total counties.

 

[Joes Place]

More MAGA Kryptonite in this thread.

They are like Deer in Headlights here.

 

[Hawk_82]

High inflation directly correlates to Biden becoming president instead of trump.

 

[Joes Place]

High inflation directly correlates to Biden becoming president

No; the highest inflation directly correlates to GOP-dominated areas.

You may not like that this is what the data indicate, but per the WSJ, it is precisely what the data indicate. And the source implies that if ALL Americans dissociated like the GOP did on inflation, that our US inflation would have been 2-4% higher.

 

[fsu1jreed]

High inflation directly correlates to Biden becoming president instead of trump.

Would have happened regardless, and probably far worse, had Trump been reelected

 

[ottumwan in tx]

High inflation directly correlates to Biden becoming president instead of trump.

yes because biden is out to get us and that's the truth.

 

[ButtersHawk]

Damn it Joe. If everyone would have got the vaccine inflation would be lower

 

[Hawk_82]

No; the highest inflation directly correlates to GOP-dominated areas.

You may not like that this is what the data indicate, but per the WSJ, it is precisely what the data indicate. And the source implies that if ALL Americans dissociated like the GOP did on inflation, that our US inflation would have been 2-4% higher.

Not gonna lie, this is about the dumbest research since climate change, covid, or trans "research".

So now your saying is republicans fault for not wishing inflation was lower? Good god, dems need to come back to reality.

 

[Hawk_82]

Would have happened regardless, and probably far worse, had Trump been reelected

Prove it

 

[Joes Place]

So now your saying is republicans fault for not wishing inflation was lower?

The WSJ is explaining to you that Republican areas appear to have a self-fulfilling prophecy of higher inflation.
Lots of underlying reasons, including more grifting when people see they can raise prices because their customers "expect it", etc.

 

[Hawk_82]

The WSJ is explaining to you that Republican areas appear to have a self-fulfilling prophecy of higher inflation.
Lots of underlying reasons, including more grifting when people see they can raise prices because their customers "expect it", etc.

Maybe democrat cities have a greater incentive to fudge the numbers.

I call bs on the idea presented in this thread.

I have seen the lies from the left regarding covid, climate, open borders, trans, race, etc. I have no reason to believe they would tell the truth about the economy either.

 

[LuciousBDragon]

https://www.wsj.com/politics/policy/inflation-differs-republican-democrat-states-data-14800c1e

Republicans right now think inflation is a much bigger problem than Democrats do, and a lot of that is just politics. But here’s another possibility: Many of the places Republicans live indeed have had significantly higher inflation than Democratic enclaves.

In new research, economists Carola Binder, Rupal Kamdar and Jane Ryngaert examined Labor Department inflation figures for U.S. metropolitan areas, and compared them with voting data. Their finding: Metro areas with more Republicans and independent voters tended to have higher inflation in 2022 than places where Democrats live.

A Wall Street Journal analysis found a similar pattern at the state level. Inflation estimates provided by Moody’s Analytics, combined with voting data, show that states where Donald Trump garnered the most votes in 2020 have on balance experienced higher inflation.
For example, South Carolina experienced the most inflation of any state since the pandemic hit. Its consumer prices rose at a 4.88% annual rate between December 2019 and last month. South Carolina elected Trump with 56% of the votes cast between him and President Biden in 2020.

In contrast, New Hampshire had the least inflation of any state, with prices rising at a 3.75% rate. It elected Biden with 54% of the Trump/Biden vote.


Almost like these GOP areas are jacking up their own inflation to "own the libs", I guess...

View embedded media

Correlation here is impressive!

https://conference.nber.org/conf_papers/f192768.pdf

Paper conclusion indicates that if ALL voters had "imagined" inflation like the GOP, did, actual inflation would have been 2 to 4 percentage points higher.

During the COVID-19 rise in inflation, Democratic expectations stayed remarkably level anchored while Republican inflation expectations rose and fell with realized inflation. This environment-- in which two groups of consumers face the same macroeconomic conditions and monetary policy, but different beliefs about the monetary regime --provides a unique setting in which to study the effects of inflation expectations on inflation. We exploit the geographic variation in political affiliation to show that the partial de-anchoring of expectations increased inflation. In counterfactual exercises, we show that had all expectations become as unanchored as those of Republicans, average inflation would have been two to four percentage points higher in 2021 to 2024.

Ergo: propaganda actually impacts inflation economics!!!!

Can you define the term “inflation expectations” as it relates to this study?

 

[Joes Place]

Can you define the term “inflation expectations” as it relates to this study?

You could read the WSJ article and the study, yourself.

Maybe learn something.

 

[The Tradition]

Generally, republicans have more disposable income than democrats. Therefore, they're able to purchase price-inflated items more readily.

 

[LuciousBDragon]

You could read the WSJ article and the study, yourself.

Maybe learn something.

I did, there was not a definition provided. That’s why I asked. Just curious how you would define it.

 

[Joes Place]

I did, there was not a definition provided.

Plenty of references for you to look through.

 

[Joes Place]

Just curious how you would define it.

How I "define" it would not be relevant to the researchers and their references/surveys define it.

 

[Joes Place]

Generally, republicans have more disposable income than democrats.

This is decidedly untrue in flyover country.

 

[ButtersHawk]

This is decidedly untrue in flyover country.

I think you underestimate that amount of people that live on county roads and/or farms that are hilariously loaded with money.

 

[B1GDeal]

Generally, republicans have more disposable income than democrats. Therefore, they're able to purchase price-inflated items more readily.

Then why is it that 9 of the highest earning income states are blue and 9 of the lowest earning income states are red?

 

[LuciousBDragon]

Plenty of references for you to look through.

Sure, but in your own words (please), just looking for a definition. Can you provide?

 

[Joes Place]

Sure, but in your own words (please), just looking for a definition.

Why don't you read the surveys they relied on.
My definition is irrelevant to the data and results here.

 

[Joes Place]

I think you underestimate that amount of people that live on county roads and/or farms that are hilariously loaded with money.

I think you ignore the poverty rates in Red states.

 

[LuciousBDragon]

Why don't you read the surveys they relied on.
My definition is irrelevant to the data and results here.

I started, still not seeing it. I would appreciate yours though to help understand better. It is the key metric to the whole thing after all.

 

[MichaelKeller99]

I did, there was not a definition provided. That’s why I asked. Just curious how you would define it.

Dude. Just stop!

The study proved beyond a reasonable doubt that the ‘de-anchoring of expectations’ by republicans increased inflation. Why the hell would they have to define what it Is when their meticulous research proved what it DID?!?

Lil’ Joeys Place is the gift that keeps giving. 🤣 🤣 🤣

 

[LuciousBDragon]

Dude. Just stop!

The study proved beyond a reasonable doubt that the ‘de-anchoring of expectations’ by republicans increased inflation. Why the hell would they have to define what it Is when their meticulous research proved what it DID?!?

Lil’ Joeys Place is the gift that keeps giving. 🤣 🤣 🤣

Correlation =/= causation.

I think “beyond a reasonable doubt” is a bit much. When looking at California CPI’s I think the definition of “inflation expectation” becomes pivotal. Care to provide a definition of what that means exactly?

Office of the Director - Research Unit: California Consumer Price Index

www.dir.ca.gov

 

[MichaelKeller99]

Correlation =/= causation.

I think “beyond a reasonable doubt” is a bit much. When looking at California CPI’s I think the definition of “inflation expectation” becomes pivotal. Care to provide a definition of what that means exactly?

Office of the Director - Research Unit: California Consumer Price Index

www.dir.ca.gov

I was kidding. ‘Studies’ - like laws - are garbage if there are no definitions.

This is just another piece of crap science provided by the resident provider of crap science.

 

[LuciousBDragon]

I was kidding. ‘Studies’ - like laws - are garbage if there are no definitions.

This is just another piece of crap science provided by the resident provider of crap science.

Agreed. It’s a word salad and taxpayer research sadly helped pay for this useless drivel.

 

[The Tradition]

I think you ignore the poverty rates in Red states.

"Poor" people don't drive $100,000 pick up trucks.

 

[DooBi]

Good lord.

 

[Hock-I]

Pretty incredible the things people will come up with to try and explain a straightforward economic occurrance.

 

[FAUlty Gator]

Gotta give OP credit. He's not going with the party line of "There is no inflation! Everyone is just lying about food being higher!" And instead has chosen with the rare used, "There is inflation, but it is caused by the GOPers who are raising the prices on purpose so their voters like Biden even less!"

Gutsy.

 

[Joes Place]

I started, still not seeing it. I would appreciate yours though

My opinion on that point has no bearing on the studies that are cited and use it.

You want to find some technicality that "debunks" what the WSJ has informed you about: perceptions on inflation - driven mainly by rightwing media which separates opinions from reality - actually served to drive inflation higher in those areas.

 

[Joes Place]

Gotta give OP credit. He's not going with the party line of "There is no inflation!

Who ever claimed there was "no inflation" following Covid?

 

[Joes Place]

"Poor" people don't drive $100,000 pick up trucks.

Most of the folks in those rural red counties do not drive "$100,000 pick up trucks".

They have 2-3 "$100" pick up trucks on blocks in areas outside their trailers.

 

[DooBi]

But it's better than the rest of the world so way to go gop right? Lol

 

[Joes Place]

Correlation =/= causation.

Certainly.

But what would be the "cause" for higher inflation in areas that people "perceive" inflation is going to get worse than it actually is?

You and your MAGA buddies have put forth no plausible theories here.