The cool thing about inflation “plummeting” is that it doesn’t undo the damage high inflation already did. Food is still massively more expensive than it was a year ago, weirdly enough that bothers people.
“Inflation is down” Ok and? Damage is still done from the insane rate it was at, and thanks to the austerity measures the admin took (like raising interest rates), things are arguably worse
I know someone like this, and it’s weird because he is not doing well in this economy. I don’t get how people lie to themselves about how economics work.
The cool thing about inflation “plummeting” is that it doesn’t undo the damage high inflation already did. Food is still massively more expensive than it was a year ago, weirdly enough that bothers people.
It also means that prices are still going up, just not as fast
Something so many people miss lmao
“Inflation is down” Ok and? Damage is still done from the insane rate it was at, and thanks to the austerity measures the admin took (like raising interest rates), things are arguably worse
Also 3,0% inflation =/= 3,0% on food. It’s probably caused by fuel prices going down, skewing the statistic, while the essentials keep going up?
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yeah but wages went up by 5% - person trying to argue what a great job Biden has done.
They didn’t seem to get why people are still doing poorly in the economy
I know someone like this, and it’s weird because he is not doing well in this economy. I don’t get how people lie to themselves about how economics work.
Just do more derivatives until numbers start looking good.
The jerk, snap, crackle, and pop of inflation are lookin’ really good!