• ReCursing@kbin.social
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    1 year ago

    Remember: inflation coming down means things get more expensive slower, not that prices come down. We still have a cost of liv greed crisis

    • mannycalavera
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      1 year ago

      Don’t pretty much all economists recommend some level of inflation? Not as high as we are experiencing now, but not nothing like you’re suggesting.

      • Lazylazycat@lemmy.world
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        1 year ago

        That might work if wages increased with inflation, but they haven’t since I left uni 15 years ago.

      • quicksand@lemm.ee
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        1 year ago

        Yes because those economists own stocks, which naturally go up when inflation happens. These fools literally hopped onto the status quo bandwagon and I resent them for it

      • ReCursing@kbin.social
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        1 year ago

        Yes, but the point is that once inflation gets back to ~2% (the bank of England’s target) the problem is not solved, everyone is still effectively poorer except the rich, it’s just not getting worse

      • ThenThreeMore@startrek.website
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        1 year ago

        Yes, but food inflation has been so high we can probably handle some limited deflation there. It’s also not like someone is going to put off buying some bananas because they think they’ll be cheaper next week.