Despite negative perceptions on the state of the economy, inflation is now much lower than its June 2022 peak of 9.1 percent.
I can never get past economic articles that miss the fundamental issue with “but inflation rates are lower!” card.
Like, the price never went down, it just started increasing faster for a while, and is now slowing down. But it’s still increasing.
Like imagine if you went from 0-60 in 2 seconds in an Uber, so you say “slow down”. So the driver takes 2 more seconds to go from 60-100.
The rate of acceleration slowed down, but the past acceleration doesn’t just magically disappear.
They’re not missing it at all. In normal circumstances, we’ve always got some low amount of inflation. If prices fell, we’d have an entirely different and much worse set of issues.
If prices fell, we’d have an entirely different and much worse set of issues.
No, it would be a lot worse for the wealthy
Deflation causes people to save money and accumulate wealth.
The wealthy say this is bad because we won’t buy products, but now we don’t buy products because we have no money. Which is worse than not buying products because we’re saving money for a thing like a house or planning to have kids.
Except for the wealthiest who want all the money and can’t get what people are saving. They want everyone broke and all the money they don’t have already, being in circulation so they can take it.
Like, come on bro, it’s not complicated but there is generations of capitalism propaganda repeating that inflation is a good thing, it’s just not true for 99.99% of us. If it still doesn’t make sense, feel free to ask for clarification.
Deflation causes mass unemployment. We tried it in the 1930s. Didn’t go well.
We have history that we can learn from where we’ve had deflation and could observe the effects. The wealthy are the ones not buying products in deflationary environments, or otherwise big ticket purchases for the rest of us. Those big purchases involve a lot of money changing hands, but above and beyond that, there’s also a lack of capital investment, because the investor has no incentive to do anything except to put their money under their mattress, once again not circulating it. If there’s constant low inflation, the investor is guaranteed to lose money keeping it under their mattress but has a good chance at making more money by investing it into companies who use it to hire people and produce things that people want to spend money on.
Do you think that every article written about inflation just happens to forget that prices are still rising? Or do you think there’s a reason there are basically no economists anywhere arguing that deflation is what we should have instead?
Do you think that every article written about inflation just happens to forget that prices are still rising?
I think media organizations owned by billionaires are going to keep repeating what billionaires want the poor people to hear…
And that with rampant wealth inequality what’s good for “the economy” is rarely good for the average person.
I thought as a society, we all understood that by now…
But you don’t seem to have gotten any of the memos.
What you might call a memo, I’d call a poor explanation to confirm your biases. Do some reading on how economists came to their conclusions, and you’ll see why we arrived at an ideal environment of some low inflation. If economics reporters were only serving at the behest of billionaires, we’re in an age of unprecedented access to information, and economics is almost entirely math. If someone wanted to be a whistleblower and show the math to back it up, it would have gone viral by now, and that still would have to contradict a working model of reality that makes sense for what we all understand about inflation. There will always be some percentage of people who don’t thrive in whatever our economic conditions are, and that sucks, but I don’t think anyone’s been able to show a system where we can save literally everyone, because as human beings, our flaws tend to get in the way of that. Still, that low amount of inflation tends to be the best we can do.
I mostly agree with you, but economics is at best a heaping tablespoon of math and a sack of human behavioral psychology. Those guys really only know what’s going on 6 months after it happened.
If economics reporters were only serving at the behest of billionaires,
I just can’t believe someone that doesn’t understand billionaires own media companies to control the public narrative still exists in 2024.
Still, that low amount of inflation tends to be the best we can do.
Because straight capitalism is unsustainable…
But you want it to be the only option and will accept everything else we need to prop it up.
Have a nice life, don’t expect any more replies.
It’s far easier to explain the world with historic precedent than it is with conspiracy theories.
Or worse, I can afford it but still can’t go because my wife can’t get the time off from work.
She had to get a doctors note to get 2 extra days off around the 4th to recover from surgery(!)
Surgery aside, I would have loved to have packed up this week and spent it someplace fun. My wife would have only had Thursday off. She got Wed, Thur, Fri only because her doctor told her employer to get fucked.
It’s not like I can go “Sorry honey! Headed to Vegas! See you in a week!” Well… not if I wanted to STAY married.
Why can’t she do FMLA?
Apparently an amputation isn’t serious enough? 🤔
That’s insane!
And one side is working decidedly to take away this and every summer vacation of your life - while the other side backs union labor which is the reason you and I even have weekends, a workday capped at 8 hours and vacation time period.
Wake up and smell, old donny dipshit and his ghoulish handlers!
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fgu4ppsviyqad1.jpeg
Here’s a slightly better version that’s just things spelled out in the actual project2025.
No longer? Im in my early 30s and have never been able to take a vacation since I’ve been on my own/with my wife. Between bills and rising prices, and my job combining pto and sick time, i dont have time or money to do anything more than a day trip to someplace not that far away.
I’m in my late 30’s in the NYC area. What my wife and I consider a “vacation” is going to Philly and staying in a hotel with a pool, and just putzing around a different city for the weekend.
The idea of taking a week+ off from work and flying somewhere is a foreign concept to me.
There have been a couple of times that we have gone to states far away to stay with family/friends, but it’s usually for like a long weekend.
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I make more than the average by quite a bit and have unlimited time off, my wife works PT to get out of the house and gets paid well also with basically unlimited unpaid time off (there’s the catch). Even we aren’t taking a normal vacation for us this year (flying to see family or exotic getaway), instead staying within the state and doing cheaper things like camping.
Shit, I have 3 or 4 holidays every year and it still feels like I’m always working. How the hell do you cope without a single holiday??
Americans get vacations now?
I don’t know why they won’t suck it up and go into debt for a week of vacation like the rest of us responsible adults.
In reality, we’d rather just use our paid time off to relax, and vacations are hardly ever relaxing.
Well this explains why I haven’t been able to afford a summer vacation
Just eat less avocado toast and stop going to Starbucks. I swear this generation can’t budget at all
/s
Listen, how me and my wife choose to spend $800 per month on avocados and bread is nobody’s business but ours and our bankruptcy attorney
Our company forced us all to take vacation in July…a whole lot of vacation. 40hrs.
The solution is not to increase your income to compensate for the costs of living, but instead to lower your standards. I go off-trail camping every year and never think about the costs because it’s fucking cheap. Getting away from civilization is the vacation. See you around the campfire!
EDIT - Downvoting is easy. Haters gonna hate!
