Quote:
Originally Posted by BobGraves
The 2020's inflation is NOT transitory. It's just that the rate of increase has lowered. Prices are still high and there has not been a reduction in prices just a reduction in the rate of increase.
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In which of the last 40 years was there a reduction of prices?
In a healthy, growing economy prices will increase. Economists may argue over how large that increase should be but Americans have been comfortable with something in the 1.5% - 2.5% range. The current 2.7% is slightly higher than that range but is nothing like the 5% we have seen at other times in the past.
It was the high inflation rates that were expected to be transitory not any inflation at all.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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