I really like that car crash analogy or whatever you want to call it. It isn’t like sudden positive changes in inflation or job numbers magically fixes QOL for people overnight. It can take weeks…months, maybe even years (maybe even never?)
This is it exactly. Positive changes in inflation mean prices aren’t going up as fast. They’re still going up. They’re never going to go down because businesses don’t charge less when the alternative is making more money. They only ever charge more with inflation.
I really like that car crash analogy or whatever you want to call it. It isn’t like sudden positive changes in inflation or job numbers magically fixes QOL for people overnight. It can take weeks…months, maybe even years (maybe even never?)
This is it exactly. Positive changes in inflation mean prices aren’t going up as fast. They’re still going up. They’re never going to go down because businesses don’t charge less when the alternative is making more money. They only ever charge more with inflation.