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3.8% inflation is high by some measures but more stable historically, Justin Wolfers notes
Justin Wolfers compares current 3.8% inflation to previous decades, arguing that while the rate is high, it is still lower and more stable than many historical periods.
He stresses that judging inflation should be based on real-world history, not an idealized baseline.
Wolfers recently pointed to a strong U.S. jobs report, saying the labor market is still resilient. He has also raised concerns about Pentagon bomb spending and its effect on the global economy. These comments add context to his view on inflation trends.
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