this post was submitted on 15 Oct 2024
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Kinda, sorta. The chart is undoubtedly positive, but the major problem of the higher price levels is still with us and we're not doing much in the way of solving the price/income problem.
Yeah I agree with you, decreasing inflation is good, but inflation is a ratchet unless we do deflation or adjust salaries or something.
It's just important we discuss the tradeoffs and acknowledge this is a very hard problem and affects us all.