return2ozma@lemmy.world to News@lemmy.world · 2 years ago‘Stop the price-gouging’: Biden hits corporations over high consumer costswww.cnbc.comexternal-linkmessage-square225linkfedilinkarrow-up1879arrow-down122
arrow-up1857arrow-down1external-link‘Stop the price-gouging’: Biden hits corporations over high consumer costswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 2 years agomessage-square225linkfedilink
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up4arrow-down2·2 years agoBut it didn’t decrease, the rate of increase is what decreased. Inflation is a measure of acceleration, 7% and 3% are both increasing inflation.
minus-squarecandybrie@lemmy.worldlinkfedilinkarrow-up11·2 years agoIf you’re accelerating slower, you’ve decreased your acceleration.
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up4arrow-down4·2 years agoBut you are still moving. The dollar is worth less.
minus-squarekilleronthecorner@lemmy.worldlinkfedilinkEnglisharrow-up7·2 years agoThen the original comment should have been pedantic about the fact that they’re clearly talking about the rate of inflation even though they referred to it simply as “inflation”. The rest of us got that.
minus-squarecandybrie@lemmy.worldlinkfedilinkarrow-up1·2 years agoWhich would mean it didn’t decrease if inflation was a measure of value. But it’s not. It’s a measure of speed of change in value.
minus-squarekilleronthecorner@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·2 years agoYeah, this
minus-squaremoney_loo@1337lemmy.comlinkfedilinkarrow-up3·2 years ago Inflation is a measure of acceleration Oh look at that, you accidentally stumbled onto your own answer for why measuring a deceleration counts as a decrease, good for you!
minus-squarestewie3128@lemm.eelinkfedilinkarrow-up2·2 years ago“In the fall of 1972 President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection.” (p. 1108)
But it didn’t decrease, the rate of increase is what decreased. Inflation is a measure of acceleration, 7% and 3% are both increasing inflation.
If you’re accelerating slower, you’ve decreased your acceleration.
But you are still moving. The dollar is worth less.
Then the original comment should have been pedantic about the fact that they’re clearly talking about the rate of inflation even though they referred to it simply as “inflation”. The rest of us got that.
Which would mean it didn’t decrease if inflation was a measure of value. But it’s not. It’s a measure of speed of change in value.
Yeah, this
Oh look at that, you accidentally stumbled onto your own answer for why measuring a deceleration counts as a decrease, good for you!
“In the fall of 1972 President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection.” (p. 1108)