rigatti

Hatsturbation?

They do have Project 2025 as a guideline this time though. So we’ll see how that works out, I guess. It’s going to be all the true believers who probably don’t have any actual management skills, but they’ll at least be determined.

I’d argue that its name was somewhat deceptive (like most congressional acts) but that the money largely went to projects that are beneficial for the country. Also, the next section on Wikipedia talks about how the overall deficit reduction would lower medium-term and long-term inflation. I think in general, when money is allocated to things like this, it takes a long time to payback since the money has to first be disbursed and then the projects completed for the results to actually be felt.

Very interesting. Surely we can trust our current crop of billionaires to do better for society!

I’m not an economist, but your point on slow deflation seems to make sense. I wonder what deflation to prepandemic prices would do to the economy if it occurred over a couple years.

The way I understand it is:

Prices are like position. Inflation is like speed, which is rate of change of position. The rate of change of inflation would be like acceleration, which is the rate of change of speed. I don’t know if there is a term for rate of change of inflation.

Anyway, I think you might be confused about the terminology, but we’re agreeing on other concepts. The inflated prices are here to stay. If prices generally fell (deflation), we would have other economic issues.

Dodged a bullet only to get hit by the Gorsuch missile?

How did it make inflation worse now?

What other problems would you have liked them to solve?

Can you elaborate on what Rockefeller did? Never heard that before

Inflation was like 9% in 2022. It’s like 2.5% now. How is that not bringing down inflation?

Inflation is the rate of change of prices. It’s not the prices themselves. I got skewered in another thread for pointing this out, but I still think it’s an important distinction.

I’m more surprised at how quickly the Lemmings got emotional about this than I am offended. Also that’s kind of reductive to say I’m just repeating and doubling down. I’m trying to explain myself. I guess I should just acquiesce to the Lemmy masses or not comment at all, because that’s how we foster a community.

Thanks for the somewhat reasonable comment, I guess.

We thought that the insanity would eventually make Trump and MAGA candidates unelectable. That hasn’t happened yet, so I’m not sure if limiting it really matters.

The left didn’t vote against fascism, but also the center didn’t. And the right, obviously.

I’m seriously not trolling. I took a cursory look at data from a few sources. I do enjoy that you won’t answer basic questions though.

Mode of what? 35-40 what? What source? Why are you so angry? Also why is the mode more important than the median?

Except that wage growth, from what I’m seeing, has kept up with inflation. If you find me numbers to say otherwise, I’ll believe you. Until then you’re just stating how you and others feel. My point this whole time is that the feeling doesn’t match up with the numbers.

I get that companies have been price gouging, I get that Democrats needed to push for more policies that make people feel better economically, or at least say dumb lies that make people feel better like Trump does.

If by small you mean 0.00000000000001%.

I do realize that. Wage growth is also cumulative, and wages have caught up to balance out the current higher prices: https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/#the-job-market-has-cooled-more-than-expected-this-year

That’s only one source from a quick Google, and I assume they’re average numbers, so some people will have less purchasing power than pre-2020.

I assumed I could have a discussion on Lemmy about the very clear difference between two words without getting attacked for it, but I guess not.

I also don’t agree that the word inflation has colloquially changed meaning, I think people just are not aware that inflation is normal now. They look at the current prices due to the period of previous inflation and are angry about it.