186 sats \ 3 replies \ @Undisciplined 12 Jul \ on: High Housing Costs, Gas Prices Keep Inflation Elevated In US econ
That's not quite right. Continued credit creation to fund deficit spending is keeping inflation elevated.
Housing and gas are where inflation is manifesting in higher prices.
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77 sats \ 2 replies \ @0xbitcoiner OP 12 Jul
They must have different metrics, we have to be aware that the figures they present are made up and don't represent reality. For them, it's never the printing of money that causes inflation.
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72 sats \ 1 reply \ @Undisciplined 12 Jul
They're making the modern conflation of "inflation" with "increasing price level". Originally, "inflation" meant an increase in the money supply and price increases are its consequence.
It's a really useful distinction that should be more widespread.
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53 sats \ 0 replies \ @0xbitcoiner OP 12 Jul
This is a struggle I've had for a few years now when friends talk about it. It's that and leaving money idle in the bank.
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