Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.

  • SCB@lemmy.world
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    1 year ago

    If every person’s salary increased to match I flation we would enter a wage hike spiral where wages go up, inflation rises, wages go up, inflation rises, etc

    • afraid_of_zombies@lemmy.world
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      1 year ago

      You can’t fix anything, you should just accept that life is shit, and all the things that I said were bad ideas are great ideas for the super rich.

      -every time economists talk.

        • afraid_of_zombies@lemmy.world
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          1 year ago

          Bull.

          List of bailouts economist have supported: Banks, airlines, car companies, banks again, and anyone claiming to have a covid impacted business.

          List of bailouts economists have not supported: Student loan debt.

          See a pattern? Inflation is only an issue when it involves helping the poor or middle class. The moment it helps a big corp or a well-connected donor it is just good policy.