this post was submitted on 15 Oct 2024
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Handy chart:
Careful, this goes against the talking points!
We only want simple solutions to complex or imagined problems.
Kinda, sorta. The chart is undoubtedly positive, but the major problem of the higher price levels is still with us and we're not doing much in the way of solving the price/income problem.
Yeah I agree with you, decreasing inflation is good, but inflation is a ratchet unless we do deflation or adjust salaries or something.
It's just important we discuss the tradeoffs and acknowledge this is a very hard problem and affects us all.