this post was submitted on 24 Dec 2023
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Political Memes

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[–] LanternEverywhere@kbin.social 79 points 11 months ago* (last edited 11 months ago) (14 children)

This isn't the gotcha that you think it is. Inflation is kept at a positive number on purpose. Deflation causes a self-reinforcing spiral that brings everyone's wealth down. If inflation is too high that's a problem too, but it's less of a problem than deflation.

... With that said, the huge amount that prices have gone up recently is caused by corporate profiteering, which is a serious issue that needs to be addressed.

[–] Mindlight@lemmy.world 8 points 11 months ago

You spelled "corporate market manipulation" wrong.

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