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[-] someguy3@lemmy.world 18 points 20 hours ago

That's because low inflation does not mean prices come back down, which is what people expect. So technically inflation is not out of control. But prices are still high. That's what people mean.

[-] rigatti@lemmy.world 2 points 18 hours ago
[-] someguy3@lemmy.world 13 points 18 hours ago

Not really. Sorry but you're playing pedantic with the terms. People say inflation to mean high prices.

[-] rigatti@lemmy.world 4 points 18 hours ago

It's not pedantic. People just literally don't understand what inflation means. Wage growth, apparently, has caught up to inflation, so it's really just that people haven't adjusted their mindset to the higher prices now. And they're angry about it.

[-] someguy3@lemmy.world 7 points 18 hours ago

It's not pedantic. People just literally don't understand what inflation means

In almost everything there is the scientific or technical definition of the term, and then there is common parlance. People will never know the technical terms, just accept that because all you're accomplishing is being pedantic.

[-] rigatti@lemmy.world 3 points 18 hours ago

How basic of terms should we give up on? Inflation is not a difficult concept. I would barely call it a technical term.

[-] someguy3@lemmy.world 8 points 18 hours ago

Let me know if you stop people from using the word theory incorrectly. That's only been going on for centuries, surely we'll educate everyone any day!

[-] rigatti@lemmy.world 1 points 17 hours ago

You jest, but seriously, inflation is not that hard to understand. You apparently have a very low threshold for calling something pedantic.

[-] someguy3@lemmy.world 7 points 17 hours ago

You are going to be sorely disappointed by the world.

[-] rigatti@lemmy.world 1 points 6 hours ago

Fear not, I already am.

this post was submitted on 07 Nov 2024
872 points (100.0% liked)

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