311–320 of 566 posts
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Inflation is definitely higher than 7.7%. Seems to me there's a lot more energy going into that propaganda wave than anything else.
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If the last time you looked was last year, then yeah. They went up this year. What’s misleading about reporting yearly percentage increases in prices? I’m baffled.
Sigh. The YoY is useful for businessmen and economists. People aren't checking their statements for milk prices from Nov 2021 right now. They just know "man it jumped up". The point is that the everyday person cares about jumps and trends, and hearing "20% YoY increase" for 12 months is misleading to someone not thinking about it in economists' terms. The fact a bunch of people here are debating what it means and how…
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People don’t need to make payments, why bother making a payment if its going to get forgiven?
I would bother to make my payments because I would feel like shit if I took that much money from the American taxpayer without paying it back.
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I guess I must be wrong, but I'll never understand why Coke needs that much advertising. Or anything "that well known". The argument is maybe they are that well known because of advertising, but I just don't think that's the case. Maybe for a crappy product, but not a good product. With Coke it's the quality (and consistency) of the product. I've never tasted anything "as good" as Coke. A new fresh cold can has a bit…
In blind taste tests, Coke performs about as well as Pepsi. However, people still overwhelmingly seem to like Coke, so it's really because they like the brand. If they reduced advertising, their brand will slowly be eroded.
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It would create more competition, and put more money into people’s pockets.
Putting more money in people's pockets will not reduce inflation. I don't see how it will create more competition.
Who set the expectation of 7.9%? I've never expected my money to lose value every month.
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Shadowstats has fictional data. This is like earnestly showing the earth is flat by linking to a flat earth web site with fictional data showing the earth is flat.
To be fair, that also describes the official CPI.
It bears repeating because this is a common mistake in inflation discussions: a decrease in inflation metrics means price increases are slowing down, it doesn’t mean that prices are going down （that would require a negative CPI print). Also, this number is year over year, so the decrease just means the price increases between Oct 21 and Oct 22 are not as steep as between Sept 21 to Sept 22, which is not hard to achie…
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Many Americans are illiterate on numbers and the economy too. I still remember the classic example that a burger chain released a 1/3 pound burger to compete with another chain's 1/4 pound burger, and many people thought the 1/4 pound was bigger... Edit: there are some people saying it's a myth, or not a complete picture. Looks like we don't have the data. But my point is that we aren't very good with numbers or econ…
I’ve always thought this was somewhat apocryphal/a myth. Did it actually occur?