Why is it that you quote a positive move on inflation coming down, but
focus on how bad it used to be?
On 02-14-23 17:19, Mike Powell <=-
spoke to Dale Shipp about Inflation (was: Trump has <=-
Why is it that you quote a positive move on inflation coming down, but
focus on how bad it used to be?
I think it is the difference between the percentage growth, or
decrease, in inflation vs. the price of things.
You can say that inflation is slowing, which means the price is still going up but not as fast, or decreasing, which means it is no longer
going up BUT also means that prices are not necessarily back down to
where they were when the inflation period started.
Mike Powell wrote to DALE SHIPP <=-
-- The economist they interviewed stated that, while it has slowed,
none of this slowing has anything to do with government attempts to
slow it down. He said that the results of those attempts have yet to
show anything, good or bad.
-- The economist they interviewed stated that, while it has slowed,
none of this slowing has anything to do with government attempts to
slow it down. He said that the results of those attempts have yet to
show anything, good or bad.
The Ignorant Elitists seem to think that people are complete morons. So if food goes up in price, for example, they seem to think that people will buy just as much food and other products.
Economics 101 shows that when prices go up, people buy less.
Getting more complicated, in a market where necessities go up for a while, people put off buying large, long term purchases (like cars and houses). But
like I said, the Ignorant Elitists can't understand this simple idea -
or they just like to believe that people are no different than sheep.
I think it is the difference between the percentage growth, or
decrease, in inflation vs. the price of things.
You can say that inflation is slowing, which means the price is still going up but not as fast, or decreasing, which means it is no longer going up BUT also means that prices are not necessarily back down to where they were when the inflation period started.
By George, I think you've got it. As I said to Gregory, I was making no independent statement about inflation other than to point out the
meaning of what he quoted.
On 02-15-23 16:42, Mike Powell <=-
spoke to Dale Shipp about Re: Inflation (was: Trum <=-
By George, I think you've got it. As I said to Gregory, I was making no independent statement about inflation other than to point out the
meaning of what he quoted.
I have a BSBA so I should hope I understand it, even when it is
difficult to convince my wallet of such. :)
On 02-15-23 22:05, Lee Lofaso <=-
spoke to Ron L. about Inflation (was: Trump has <=-
think that people will
buy just as much food and other products.
People buy as much food as they can, as everybody has to eat.
Economics 101 shows that when prices go up, people buy less.
Getting more complicated, in a market where
necessities go up for a while,
people put off buying large, long term purchases (like cars and houses).
think that people will
buy just as much food and other products.
People buy as much food as they can, as everybody has to eat.
When prices go up, people shift their buying. For example, more pasta
and less steak.
Economics 101 shows that when prices go up, people buy less.
Mostly true -- if they have a choice.
When the price of utilities goes up, there is not much they can do.
When they have to commute 20 miles a day, they still have to buy the same amount of gas -- and thus have less money for other things.
Getting more complicated, in a market where necessities go up RL>for awhile, people put off buying large, long term purchases (like RL>cars and houses).
True.
By George, I think you've got it. As I said to Gregory, I was making no independent statement about inflation other than to point out the
meaning of what he quoted.
I have a BSBA so I should hope I understand it, even when it is difficult to convince my wallet of such. :)
BS = Bachelor of Science, BA = Bachelor of Arts -- but I've not seen
them together like that. Double major?
On 02-16-23 16:13, Mike Powell <=-
spoke to Dale Shipp about Re: Inflation (was: Trum <=-
I have a BSBA so I should hope I understand it, even when it is difficult to convince my wallet of such. :)
BS = Bachelor of Science, BA = Bachelor of Arts -- but I've not seen
them together like that. Double major?
Bachelor of Science in Business Administration. Maybe I am using it wrong. :)
Mike Powell wrote to DALE SHIPP <=-
I have a BSBA so I should hope I understand it, even when it is difficult to convince my wallet of such. :)
BS = Bachelor of Science, BA = Bachelor of Arts -- but I've not seen
them together like that. Double major?
Bachelor of Science in Business Administration. Maybe I am using it wrong. :)
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