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20 sats \ 3 replies \ @028559d218 11 Mar \ parent \ on: Trump's Move of The Day... Going After Rep. Massie Politics_And_Law
I just wanted to be clear... (because there is a lot of confusion on this) the difference between 'inflation rate' and 'inflation that has already occurred.'
Inflation has already occurred and is 'not going back'. Having said that, the current inflation rate has gone down a lot, maybe not enough but it has gone down considerably.
Lots of people, including voters, think that 'bringing inflation down' means LOWER PRICES. It 100% DOES NOT.
Inflation coming down means that prices don't GO UP as fast from current levels... it does not mean they go down from where they currently. Even if 'inflation goes down' things aren't getting cheaper that would be deflation.
With respect, I think you're being pedantic. I think most people just want life to be more affordable, whether that's higher income or lower prices, and it doesn't really make anyone feel better when someone claims that "inflation is back to 3%".
Also, housing costs, medical costs, education costs, and childcare costs all continue to rise. So the biggest things that people care about still feel very much unaffordable and not addressed, despite what official inflation figures say.
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This is a really important point.
Costs of things are not 'going up'. If anything costs for goods should be going down as technology improves. Things should, all else being equal, become more plentiful not less due to technological improvements.
So the costs of things isn't "going up"... instead the dollar is constantly losing value. That's why things are so expensive, and why 'costs' go up every year.
The dollar (and Euro) are pre-programmed to lose value every single year and buy less and less 'stuff' they are designed this way. If things are unaffordable the answer is better productivity/training/compensation, combined with 'better money' which is obviously Bitcoin.
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I basically agree... but it's a little deeper than just that since if it's entirely due to dollar devluation, incomes would be rising too. I think another big issue is that onerous barriers to entry and monopolized markets (largely supported by government largesse) are causing the prices of certain goods to outpace income growth... sometimes by a lot. You'll notice that the goods I mentioned: housing, medical, education, childcare, are all heavily regulated by the government.
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