Except the unfortunate part is that it is always increasing, it’s just a derivative, rate of change. But the massive boost from months of heavy inflation is now here permanently, so we’re adding 2-3% on TOP of the already-inflated costs. But that’s not telling the full story, it is the value of the US dollar going down primarily. Buying power is lower by definition, but because of that, everyone on the bottom end is getting squeezed beyond anything they are ready for and it’s going to eventually cause civil unrest on a larger scale.
Sorry to be pedantic on the internet (lol) but it might be more accurate to say inflation has slowed.
Up like a rocket down like a parachute.
Except the unfortunate part is that it is always increasing, it’s just a derivative, rate of change. But the massive boost from months of heavy inflation is now here permanently, so we’re adding 2-3% on TOP of the already-inflated costs. But that’s not telling the full story, it is the value of the US dollar going down primarily. Buying power is lower by definition, but because of that, everyone on the bottom end is getting squeezed beyond anything they are ready for and it’s going to eventually cause civil unrest on a larger scale.
That’s exactly the point of my analogy. Wtf.
He picked two points in time and described a number that was fixed at each instance, so decreased works fine.
Burn the pedant!
I still think decreased is accurate though, the rate of inflation is significantly smaller today vs then, so the rate has decreased
Yeah if it was deflation that would’ve been a huge deal because our economy is built on an inflationary assumption and deflation would crash it
The bipartisan PPP (passed under Trump) was insane.