Surprised Pikachu government lies about stealing wealth from its population??
Shiznoz222 on
Money printer go brrrrr
Forever
No_Economist_8643 on
Imagine thief saying “I’m stealing less than last year.”
nou_spiro on
No. They just finally accept that inflation compound. And that 2% this year inflation doesn’t erase last three years 20% compounded one.
NotCoolFool on
I tried explaining this exact thing to the people I work with the other week and they looked at me blankly 😐
NotCoolFool on
The wording they use is specifically to fool people “inflation has fallen” no, inflation is rising at a slower rate than it was.
Large-Tune9427 on
Not sure why anyone is surprised by this.
penguinpoopparty on
The fact i paid as low as $1.29 for eggs and $3.99 for bacon just few short years ago, and i now pay a minimum of $2.99 and $7.99, is what made it obvious to me. Everything has doubled or tripled in the grocery store. If eggs were only up 30% I’d be paying $1.68…not $3.
But if I complain about this, there is always those defenders who go “but dUh gOvErMaNt sAid inFLatiOn onlY up 10-30%. ThAt jUsT uR LoCal ArEA. itS 10-30% evErYwheRe ELse”
Then they eat crayons and shit their pants (presumably)
theabominablewonder on
Wait until they explain how the basket of goods that inflation is based upon changes every year and can hide inflationary pressures as it switches in substitute products.
11 Comments
Crazy
Surprised Pikachu government lies about stealing wealth from its population??
Money printer go brrrrr
Forever
Imagine thief saying “I’m stealing less than last year.”
No. They just finally accept that inflation compound. And that 2% this year inflation doesn’t erase last three years 20% compounded one.
I tried explaining this exact thing to the people I work with the other week and they looked at me blankly 😐
The wording they use is specifically to fool people “inflation has fallen” no, inflation is rising at a slower rate than it was.
Not sure why anyone is surprised by this.
The fact i paid as low as $1.29 for eggs and $3.99 for bacon just few short years ago, and i now pay a minimum of $2.99 and $7.99, is what made it obvious to me. Everything has doubled or tripled in the grocery store. If eggs were only up 30% I’d be paying $1.68…not $3.
But if I complain about this, there is always those defenders who go “but dUh gOvErMaNt sAid inFLatiOn onlY up 10-30%. ThAt jUsT uR LoCal ArEA. itS 10-30% evErYwheRe ELse”
Then they eat crayons and shit their pants (presumably)
Wait until they explain how the basket of goods that inflation is based upon changes every year and can hide inflationary pressures as it switches in substitute products.
Not the compounded interest people usually like