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Cake day: June 5th, 2023

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  • Calcipher@lemmy.mltoPolitical Memes@lemmy.worldECON 101
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    1 year ago

    Let’s also not forget that inflation is a rate of change. Even at zero, goods and service won’t return to their old prices. That’d be a negative rate of inflation, also known as deflation. If you think the Feds fucked the common person when inflation was high, just wait to see what they’d do to stop deflation (seen as far worse than inflation because it hurts those who hold goods and services - aka the rich).