That’s why its such a propagandad measurement, like no nothing is getting cheaper and lardlords/walmart would be damnned to let it, were just allowed to celebrate the 2nd derivative of our bank accounts cause everything else is harder to put a positive spin on
Uh well I believe we should celebrate getting inflation closer to the 3% target because that’s a healthy economic indicator. It’s not “propaganda” if you remember high school economics.
OK so then show me some data showing the rich vs poor income, scaled to inflation.
I’m sure it’ll be a nice linear trend where everyone’s income increases at the same rate right?
This is what I mean by propaganda, you could argue for and against inflation in a million different ways - all that matters at the end of the day is its net effect, keeping people poor
I don’t understand what’s your point here. I didn’t meant that 3% is a great inflation to have forever, I just said that going from 4% to 3.8% is good because the target is 3%. BoC meeting its targets is the good economic indicator. It’s a single indicator, not synonym of a perfect economy, and a great economy doesn’t translate into great society/QoL either.
Inflation rate slowing doesn’t mean grocery prices drop either, prices just increase slower… so don’t celebrate on that cheese just yet
That’s why its such a propagandad measurement, like no nothing is getting cheaper and lardlords/walmart would be damnned to let it, were just allowed to celebrate the 2nd derivative of our bank accounts cause everything else is harder to put a positive spin on
Uh well I believe we should celebrate getting inflation closer to the 3% target because that’s a healthy economic indicator. It’s not “propaganda” if you remember high school economics.
Thank God I won’t be homeless for Christmas, that gets to wait until January now. :)
Just kidding, I’m still renting because I can’t afford to save for a down-payment. :)))
OK so then show me some data showing the rich vs poor income, scaled to inflation.
I’m sure it’ll be a nice linear trend where everyone’s income increases at the same rate right?
This is what I mean by propaganda, you could argue for and against inflation in a million different ways - all that matters at the end of the day is its net effect, keeping people poor
I don’t understand what’s your point here. I didn’t meant that 3% is a great inflation to have forever, I just said that going from 4% to 3.8% is good because the target is 3%. BoC meeting its targets is the good economic indicator. It’s a single indicator, not synonym of a perfect economy, and a great economy doesn’t translate into great society/QoL either.