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submitted 3 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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[-] knfrmity@lemmygrad.ml 10 points 3 months ago

Worth noting that official inflation figures are based on a variable basket of goods, meaning that the inflation value can be very easily adjusted to whatever is politically expedient in the moment.

[-] cfgaussian@lemmygrad.ml 8 points 3 months ago

It's very expensive to be poor.

[-] darkernations@lemmygrad.ml 7 points 3 months ago* (last edited 3 months ago)

And yet too many people still believe that inflation is primarily due to "too much money chasing too few goods" (and therefore need to stiff the working classes of their income some more).

this post was submitted on 24 Jul 2024
49 points (100.0% liked)

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