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The Left’s Latest Take on Inflation: It’s Good for You

We’ve been tracking the evolving argument in Washington about inflation, which seems to change every week.

Here’s a sample of how the argument has evolved over the past six months as presented in the media:

We are reminded of this classic Saturday Night Live open from October 1978, where Dan Aykroyd as Jimmy Carter explains that inflation is no problem at all:

Inflation is our friend. Wouldn’t you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would! We’ll just print more money! We have the papers, we have the mints. Everybody will be a millionaire!

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