PRESS RELEASE: MEDIA AVAIL: ECONOMISTS AVAILABLE FOR INTERVIEWS AHEAD OF NEW INFLATION DATA

FOR IMMEDIATE RELEASE 
April 12, 2021

Contact: 
Maddy McDaniel, Communications Director
[email protected] or 914-471-7716

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MEDIA AVAIL: ECONOMISTS AVAILABLE FOR INTERVIEWS AHEAD OF NEW INFLATION DATA

Economists Available for Interview to Discuss Why An Uptick in Inflation Would Be an “Optical Illusion,” and Caution Against Using the Data as an Argument Against Large-Scale Public Investment 

WASHINGTON, D.C. — Tomorrow, the Bureau of Labor Statistics will release inflation numbers for the year ending in March 2021.

The projected uptick in inflation may be used as an argument against additional public investment like the American Jobs Plan, but economists say that any inflation increase should be attributed to a drop in prices at the onset of the pandemic a year ago, and not a negative effect of recent public spending — as explained in an analysis from Mike Konczal, director of progressive thought at the Roosevelt Institute.

The below economists are available for interviews to discuss why Tuesday’s inflation numbers shouldn’t deter additional public investment: 

  • Mike Konczal, director of progressive thought at the Roosevelt Institute
  • Josh Bivens, director of research at the Economic Policy Institute
  • Rakeen Mabud, managing director of policy and research at Groundwork Collaborative
  • Skanda Amarnathdirector of research and analysis at Employ America

Please contact [email protected] to get in touch.

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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