I am not a Fox AON or News Max " believer". Hearing that inflation slowed is good news but let's not start patting our self on the back just yet. Inflation has been happening for a long time and until prices start heading back to what they were before covid there is not really much good news. Companies that dominate the market like Tyson…
I am not a Fox AON or News Max " believer". Hearing that inflation slowed is good news but let's not start patting our self on the back just yet. Inflation has been happening for a long time and until prices start heading back to what they were before covid there is not really much good news. Companies that dominate the market like Tyson Foods, Kellogg Foods... have created record profits lately because of thier ability to control pricing kak no competition have no incentive to lower prices to pre inflation levels. Someone doesn't have to be brainwashed or in an information bubble to be skeptical enough to not feel like celebrating news that inflation has just slowed.
A real false equivalency is saying that people in the lower incomes have mad the most gains on inflation. Someone going from $9 an hour to $18 ( 100% increase) had no buying power to start with and whos job is likely part time is having a harder time dealing with bills than someone with no raise that make $100,000 a year. But news is reporting lower incomes are rising as to meet inflation. Telling people they are doing better while they see themselfs struggling is bad politics and more a tactic of MAGA world employed on the brainwashed. Hold the champaign for real world results, then people will get on board. Propaganda is bad politics to an informed electorate..save the BS for Trumpito.
"[U]ntil prices start heading back to what they were before covid there is not really much good news." Oh, please. That is an absurd -- and DANGEROUS -- expectation. You're talking about 10%+ DEFLATION to get back to prices from 3 years ago. Do you not understand the dangers of deflation? Or are you a big-banker who alone would profit by it? How much fun was it for your grandparents from 1930 to '33? Looking forward to paying the interest on the $10K/person national debt in dollars worth more, and harder to come by, than they are now?"[U]ntil prices start heading back to what they were before covid there is not really much good news." Oh, please. That is an absurd -- and DANGEROUS -- expectation. You're talking about 10%+ DEFLATION. How much did your (great-?)grandparents enjoy that from 1930-33? Do you look forward to paying the interest on the $10K-per-person national debt in more valuable, harder-to-come-by dollars than when "we" borrowed them? You "real false equivalency" assertion looks like innumerate nonsense to me.
Right. You don't want to start a deflationary trend because you can't control it. You can control inflation to some extent with interest rates, but there is little you can do when inflation goes negative and the interest rate crashes to zero. Which basically is what happened to Japan in the 90s, and I'll admit here that I don't know much about how they tackled the problem. But I do know that their economy has had problems with deflation ever since.
And I'll add that, according to Paul Krugman, wages are going up faster than inflation, which is slowing down considerably, and we still don't seem to be headed for a recession. Which seems strange, but go figure. I mean literally. Anyone who wants to figure that out, God bless you.
I am not a Fox AON or News Max " believer". Hearing that inflation slowed is good news but let's not start patting our self on the back just yet. Inflation has been happening for a long time and until prices start heading back to what they were before covid there is not really much good news. Companies that dominate the market like Tyson Foods, Kellogg Foods... have created record profits lately because of thier ability to control pricing kak no competition have no incentive to lower prices to pre inflation levels. Someone doesn't have to be brainwashed or in an information bubble to be skeptical enough to not feel like celebrating news that inflation has just slowed.
A real false equivalency is saying that people in the lower incomes have mad the most gains on inflation. Someone going from $9 an hour to $18 ( 100% increase) had no buying power to start with and whos job is likely part time is having a harder time dealing with bills than someone with no raise that make $100,000 a year. But news is reporting lower incomes are rising as to meet inflation. Telling people they are doing better while they see themselfs struggling is bad politics and more a tactic of MAGA world employed on the brainwashed. Hold the champaign for real world results, then people will get on board. Propaganda is bad politics to an informed electorate..save the BS for Trumpito.
"[U]ntil prices start heading back to what they were before covid there is not really much good news." Oh, please. That is an absurd -- and DANGEROUS -- expectation. You're talking about 10%+ DEFLATION to get back to prices from 3 years ago. Do you not understand the dangers of deflation? Or are you a big-banker who alone would profit by it? How much fun was it for your grandparents from 1930 to '33? Looking forward to paying the interest on the $10K/person national debt in dollars worth more, and harder to come by, than they are now?"[U]ntil prices start heading back to what they were before covid there is not really much good news." Oh, please. That is an absurd -- and DANGEROUS -- expectation. You're talking about 10%+ DEFLATION. How much did your (great-?)grandparents enjoy that from 1930-33? Do you look forward to paying the interest on the $10K-per-person national debt in more valuable, harder-to-come-by dollars than when "we" borrowed them? You "real false equivalency" assertion looks like innumerate nonsense to me.
Right. You don't want to start a deflationary trend because you can't control it. You can control inflation to some extent with interest rates, but there is little you can do when inflation goes negative and the interest rate crashes to zero. Which basically is what happened to Japan in the 90s, and I'll admit here that I don't know much about how they tackled the problem. But I do know that their economy has had problems with deflation ever since.
And I'll add that, according to Paul Krugman, wages are going up faster than inflation, which is slowing down considerably, and we still don't seem to be headed for a recession. Which seems strange, but go figure. I mean literally. Anyone who wants to figure that out, God bless you.