Haters will say it’s because of the election coming up
this post was submitted on 10 Oct 2024
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politics
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Yay people got fucked over bad, but they can take a water break before resuming the ass railing.
I saw this when I opened Edge for work this morning. Two worlds in one picture.
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(2 replies)
Too bad it's not on food prices
That's great the prices aren't going up more. Now go get all of these companies that are price gouging. It's good to protect people from it during natural disasters but unfortunate the government didn't consider COVID a natural disaster.
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(1 replies)
Waiting to see the creative ideas Republicans come up with to try to tank it before November
Food prices are still up twenty to forty percent.
Right! and now, amazing news! Our expenses are only growing at a rate of only 2.4%!! Hooray?!?
2% is actually pretty good and about what you want. Maintaining flat spending power sounds great on paper, but also puts an economy at increased risk of recession and citizens at increased risk of ballooning debt.
We're taking about the consumer price index here. Inflation regarding the cost of living only. This is, as i hinted previously, heavily caused not by "inflation" (as youd consider it in econ 101) but corporate price-gouging.
Corporate price-gouging is i feel i must add capital N Not inflation in the traditional sense... But in the scope of this article and our conversation, it is.
So again, fucking-A yes I want price gouging to stop, right now.. So like, if you wish to continue wit me we need to agree on terms. Let me know you agree this cpi definition and inflation in this case is "price gouging" otherwise we may as well just part ways
That's nice and all, but wages do not increase year over year for most people, so most people would prefer those risks and be able to continue living, instead of helping to balloon the suicide statistic.
Most people are not economists. Most people would like everyone to be given $100,000 and a pony (or just white people, if you're a republican).
2% inflation is good. But an inflation number doesn't tell us where the gains are accruing. Ensuring gains go to workers and not capital is an entirely separate goal of the government.
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(7 replies)
Economy still sucks.
That's still 2.4% on top of the cumulated inflation of the past 5 years...
You want a deflationary environment? Are you sure?
If "deflationary environment" is neoliberal for "restrictions on and immediate reduction of the current ongoing price gouging" then call me Moleman cuz yes, i want that, right now.
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That's what you got from my one line comment?
Yeah but unfortunately that's never going to change. Inflation is the rate of increase and they always want a rate of increase, just at 2%.
It's never going to go negative because growth for the growth gods!! :(
There are already alternatives available that do go negative.
Line must go up.
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Sure. But inflation is down, we didn't go into a recession, and wage growth has been outpacing inflation for over a year now.
This is good, we're going in the right direction. Deflation would be way worse.
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You misspelled price gouging.
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Now pay me more and we're good.
Really glad the president of the USA finally decided to pull the lower inflation lever in the oval office.
It's right next to the Gas Price Dial on the Resolute desk.
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