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re: Understanding Inflation
Posted on 1/13/24 at 9:01 am to cadillacattack
Posted on 1/13/24 at 9:01 am to cadillacattack
quote:
Redefining “inflation” as “rising prices” allows government people to shift the blame.
This is an oft-missed point, but where it is even more important is in the reverse as the decrease in "inflation" is falsely implied (and thus, inferred) as being "lowering prices".
quote:
Over the years, government officials, along with government apologists in the mainstream financial media and academia, intentionally shifted the definition of inflation to suit government purposes.
See: OER
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