this post was submitted on 07 Nov 2024
126 points (97.7% liked)

News

23284 readers
3999 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] n2burns@lemmy.ca 9 points 6 days ago (2 children)

Inflation rate and inflation are the same. You're confusing inflation with affordability.

[–] anticurrent@sh.itjust.works 0 points 6 days ago (1 children)

easy, just compare to 5 years ago instead of year-on-year, and that will give you a 24 % inflation.

Now tell me how can you make life affordable again ? increasing wages by 25 % all at once or deflation at 15 % or so? or an all out civil war or something ?

This lie that inflation can only go up without wages keeping up is what the governing class helped by their paid for economists use to keep the working docile until shit hits the fans.

[–] n2burns@lemmy.ca 0 points 6 days ago

I'm not sure why you're responding to my comment. What you said seems to be completely unrelated to what I said.

[–] PriorityMotif@lemmy.world -2 points 6 days ago (1 children)

That's literally the definition of inflation. "Inflation is a loss of purchasing power that reflects a rise in prices for goods and services over time."

[–] n2burns@lemmy.ca 6 points 6 days ago

That definition is literally describing a change, as rate of change.

Inflation is a loss of purchasing power

Over the past year, we haven't experienced a loss of purchasing power. We have a lack of purchasing power, but we lost it over the 2-3 years prior to the last year.

a rise in prices for goods and services over time

This is pretty much the mathematical definition of a rate of change. Like how speed is the rate of change in position over time. After a day of traveling, your position (prices for goods) may be way different than your starting point, but if you're not currently moving, your speed (inflation) is NIL.