• Maggoty@lemmy.world
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    7 months ago

    My favorite is they always treat inflation like a static thing. 2 percent this year means 3 percent last year doesn’t matter. You should be happy. But the reality is that’s 5 percent inflation versus whatever raise you did, (or didn’t) get in the same time period.

    3 percent inflation now doesn’t erase 10 percent inflation in previous years. We need to be deflating. But that’s a dirty word because a lot of important people get their income steam from constant inflation.