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Started By
Message
re: Vox: The problem isn’t inflation. It’s prices.
Posted on 11/10/23 at 6:03 pm to stout
Posted on 11/10/23 at 6:03 pm to stout
quote:
The root of what’s going on here can feel obvious: blame inflation, which picked up in mid-2021 and throughout 2022. But that isn’t really the issue anymore, at least not at the current rate, because inflation is coming down. The actual problem here is prices.
They’re not going up nearly as much as they were in, say, the middle of last year, but they’re by and large not declining en masse, either. And in most cases, they won’t get back to where they were in the Before Times.
These people are retarded
0
Posted on 11/10/23 at 6:04 pm to Paul Allen
quote:
Chicken wings is a good example of how it’s prices and not inflation. They’ve come down significantly at the grocery store but go to any restaurant where if it’s an appetizer or entree and wings are exponentially expensive and are more than likely not going to come down like they did at the grocery store.
This dude claims to be very successful and rich IRL but can't even come to the conclusion that restaurant prices have more to account for than just the cost of food, folks.
Posted on 11/10/23 at 6:04 pm to stout
technically, they aren't wrong.
I would love inflation if the prices of everything were the same as they were 5 years ago and I got to keep my inflation adjusted raises.
I would love inflation if the prices of everything were the same as they were 5 years ago and I got to keep my inflation adjusted raises.
Posted on 11/10/23 at 6:05 pm to Corinthians420
Posted on 11/10/23 at 6:07 pm to stout
So if something was $10 and went up to $20 that is a 100% increase. The next year if goes to $30 and that's only a 50% increase. Inflation is coming down. Econ and finance classes should be mandatory in college.
Posted on 11/10/23 at 6:07 pm to Corinthians420
quote:
technically, they aren't wrong.
Yes, technically, they are.
Inflation “falling” doesn’t mean it’s not occurring; it simply means it’s not rising as fast as it once was. If inflation around a certain product is 7% in a three months span, and then decreases to 5% in the next three months, it doesn’t mean the price isn’t rising; it’s just rising at 2% slower a rate.
Posted on 11/10/23 at 6:07 pm to stout
Supply chain issues.
Inflation.
24hr places no longer 24hrs.
It almost seems coordinated.
Inflation.
24hr places no longer 24hrs.
It almost seems coordinated.
Posted on 11/10/23 at 6:07 pm to stout
Inflation is basically too many dollars chasing too few goods.
CPI consumer price index is what people end up paying at the Point of sale.
The two are related but can be caused by different things. She has zero concept of any of this. Written like an 11th grader.
CPI consumer price index is what people end up paying at the Point of sale.
The two are related but can be caused by different things. She has zero concept of any of this. Written like an 11th grader.
Posted on 11/10/23 at 6:08 pm to Antonio Moss
quote:
Yes, technically, they are.
Inflation “falling” doesn’t mean it’s not occurring; it simply means it’s not rising as fast as it once was. If inflation around a certain product is 7% in a three months span, and then decreases to 5% in the next three months, it doesn’t mean the price isn’t rising; it’s just rising at 2% slower a rate.
I love that you took the time to actually try to explain this
go read the first page again
This post was edited on 11/10/23 at 6:09 pm
Posted on 11/10/23 at 6:13 pm to stout
quote:
and we have the strongest growth out of the recession,” said Felicia Wong, president and CEO of the Roosevelt Institute, a progressive think tank.
Weren’t all the economically retarded progressives insisting there was no recession?
Posted on 11/10/23 at 6:13 pm to stout
quote:
Lumber prices, which soared in 2021, have settled.
They may have soared at the retail level. They damn sure didn't soar for the landowner.
This post was edited on 11/10/23 at 6:20 pm
Posted on 11/10/23 at 6:35 pm to Darth_Vader
(no message)
This post was edited on 11/10/23 at 6:37 pm
Posted on 11/10/23 at 6:38 pm to stout
This feels like equal parts edgy hot take article on one hand and apologists for progressive fiscal+monetary policy on the other hand.
They could have alternatively just explained that wages haven't kept pace with inflation or closed the gap with inflated prices.
They could have alternatively just explained that wages haven't kept pace with inflation or closed the gap with inflated prices.
Posted on 11/10/23 at 6:38 pm to stout
Once they realized what people are willing to pay for certain things what business in its right mind would lower prices back down?
Posted on 11/10/23 at 6:39 pm to stout
Posted on 11/10/23 at 6:40 pm to Bunk Moreland
God I hope that's fake
Posted on 11/10/23 at 6:44 pm to Bunk Moreland
I’m sure that Congress will do the right thing and reduce entitlements and welfare back down to 2019 levels which is making the prices sticky
Posted on 11/10/23 at 6:45 pm to stout
quote:
we have the strongest growth out of the recession
Changing the subject slightly, but I’m glad to see a Democrat finally admits that we were in a recession. They have always tried to weasel out of admitting that.
Posted on 11/10/23 at 6:51 pm to Lou Pai
quote:
God I hope that's fake
It's not. Paul Krugman is one of stupidest "economists" that walks this planet right now. Mainly because his economic knowledge takes a back seat to pushing his progressive political ideology.
Posted on 11/10/23 at 6:54 pm to stout
Love it.
“What you are paying is insanely high, but don’t worry, the amount that you will pay in the future will be much higher, but not super duper higher.”
“What you are paying is insanely high, but don’t worry, the amount that you will pay in the future will be much higher, but not super duper higher.”
This post was edited on 11/10/23 at 6:55 pm
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