Democratic strategists have split in two over how to discuss inflation. 

One camp tends to blame the media for focusing too much on the issue at the expense of positive economic news such as low unemployment. This group tends to promote statistics buried beneath the headlines that suggest inflation isn’t that bad. But privately, more and more Democrats see inflation in far more dire terms — and not just for their prospects in elections this year. 

One top progressive sounded the alarm over the weekend on a widely read off-the-record email list. The author gave us permission to quote from their missive — “Danger: Inflation Is a Third Rail” — which was ricocheting around lefty circles Sunday night.