A 15 pack of keystone light used to cost $7.99 on 2020. Earlier this year it was $10.99. Yesterday it was $12.99. That’s not cool at all
Sticky inflation is a real problem and people are aware of it.
President Biden should work on cancelling student loan debt, credit card debt, and mortgage debt from now until the election. Doing that might be the boost he needs to get reelected.
“There’s no traffic jam!” – the drivers at the front of the traffic jam.
That’s probably because most Americans think lower inflation = prices go back down. But it just means they stop rising at the same rate.
We need deflation for prices to go down, and deflation is pretty dangerous in a debt based economy. But it seems like we might possibly see some deflation in 2024.
Nothing is cooling down… The prices are crazy and continue to increase thanks to the greed of Corporate America.
The reason for that is inflation doesn’t measure the cost of living.
Previous price inflation doesn’t go away unless we have deflation which will not happen. So the only remaining option is for wages to go up, which they have since COVID drastically.
Prices are not going down… they just aren’t accelerating as fast… yeah?
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A 15 pack of keystone light used to cost $7.99 on 2020. Earlier this year it was $10.99. Yesterday it was $12.99. That’s not cool at all
Sticky inflation is a real problem and people are aware of it.
President Biden should work on cancelling student loan debt, credit card debt, and mortgage debt from now until the election. Doing that might be the boost he needs to get reelected.
“There’s no traffic jam!” – the drivers at the front of the traffic jam.
That’s probably because most Americans think lower inflation = prices go back down. But it just means they stop rising at the same rate.
We need deflation for prices to go down, and deflation is pretty dangerous in a debt based economy. But it seems like we might possibly see some deflation in 2024.
Nothing is cooling down… The prices are crazy and continue to increase thanks to the greed of Corporate America.
The reason for that is inflation doesn’t measure the cost of living.
Previous price inflation doesn’t go away unless we have deflation which will not happen. So the only remaining option is for wages to go up, which they have since COVID drastically.
Prices are not going down… they just aren’t accelerating as fast… yeah?