{"id":23091,"date":"2026-09-20T01:28:17","date_gmt":"2026-09-20T01:28:17","guid":{"rendered":"https:\/\/lonecandle.com\/?p=23091"},"modified":"2026-09-20T01:28:17","modified_gmt":"2026-09-20T01:28:17","slug":"why-experts-keep-getting-the-economy-so-wrong-plain-english","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=23091","title":{"rendered":"Why Experts Keep Getting the Economy So Wrong | Plain English"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">1\/3 two 2\/3s of the big inflation we had was caused by supply side issues, meaning Covid-caused problems with producing goods, services, and energy, rather than too much government spending. The other 1 or 2 thirds&#8230;was government spending&#8211;the Covid relief bills.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some people talked about tariffs like they would single handedly crush the economy. That&#8217;s unfortunate because models showed that tariffs are bad for the economy in ways that hurt people, but aren&#8217;t usually significant enough to single-handedly crush the economy. This makes it easier for people to incorrectly deny the harms of tariffs in general, and the harms of the current and recent tariffs.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Why Experts Keep Getting the Economy So Wrong | Plain English\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/s4PeRuU0bLU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>1\/3 two 2\/3s of the big inflation we had was caused by supply side issues, meaning Covid-caused problems with producing goods, services, and energy, rather than too much government spending. The other 1 or 2 thirds&#8230;was government spending&#8211;the Covid relief bills. <\/p>\n<p>Some people talked about tariffs like they would single handedly crush the economy. That&#8217;s unfortunate because models showed that tariffs are bad for the economy in ways that hurt people, but aren&#8217;t usually significant enough to single-handedly crush the economy. This makes it easier for people to incorrectly deny the harms of tariffs in general, and the harms of the current and recent tariffs. <\/p>\n<p>https:\/\/www.youtube.com\/watch?v=s4PeRuU0bLU<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[588,409,483,217,165,1316,1407,208],"class_list":["post-23091","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-corona","tag-coronavirus","tag-covid-19","tag-economics","tag-economy","tag-inflation","tag-prices","tag-tariffs"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/23091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23091"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/23091\/revisions"}],"predecessor-version":[{"id":23092,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/23091\/revisions\/23092"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}