YES, INFLATION IS HARD, BUT ELITES THINK WE DON’T KNOW HOW TO NAVIGATE IT:
Yes, [economics professor and Bloomberg contributor Teresa] Ghilarducci actually suggests selling your car and relying on public transportation to get everywhere. Like all elites, her default is that all of us poor, unwashed masses live in urban settings (she probably thinks we all live in slums).
Of course, the whole sell-your-car-and-take-the-bus strategy doesn’t do a thing for people who live in rural and many suburban areas, but that doesn’t matter. Nevertheless, it’s a slightly less stupid idea than Pete Buttigieg’s flippant “just buy an EV” plan.
My favorite quote when she suggests selling your car is the part where she declares, “Now may even be the time to sell your car. It certainly isn’t the time to buy a new or used one.” In other words, it’s a bad time for you to buy a car, but maybe you can convince some sucker to buy yours.
And then there’s the whole “eat lentils” thing. Actually, when you go into detail, Ghilarducci goes straight to the old lefty trope of going vegetarian.
“Meat prices have increased about 14% from February 2021 and will go up even more,” she writes. “Though your palate may not be used to it, tasty meat substitutes include vegetables (where prices are up a little over 4%, or lentils and beans, which are up about 9%). Plan to cut out the middle creature and consume plants directly. It’s a more efficient, healthier and cheaper way to get calories.”
In other words, do without, peasant. At least she didn’t try to talk us into eating bugs.
And about buying in bulk? Ghilarducci repeats the old saw about how you don’t really save that much by buying in bulk unless you “try to do it with a friend, so you can split some of the costs and ensure everything gets eaten or used.”
I picture most readers thinking, Don’t tell me how to shop! After all, buying some things in bulk can be a hedge against having to pay more for those things sooner rather than later as prices continue to rise.
And then there’s the bizarre paragraph about pet chemotherapy.
In a 2018 Forbes article, Ghilarducci defended AOC’s socialist worldview by writing that she “may not be too far left,” so no wonder she’s now writing articles straight out of the Carter era to justify Biden’s runaway inflation.