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Out of all the arguments I'm seeing on here, this feels particularly bad faith. Throughout my maybe decade and a half in the macro world I've never heard anyone
by anm89 5y ago
Out of all the arguments I'm seeing on here, this feels particularly bad faith. Throughout my maybe decade and a half in the macro world I've never heard anyone even attempt to make this argument.
Inflation clearly affects cost of living because wages are stickier than prices. You don't walk into work every monday morning and get your wages increased by CPI.
- lottin 5y agoIf you think prices are going up with a corresponding increase in disposable income, you need to explain how this is possible at all. I don't think it's impossible, but it certainly is incompatible with an often-cited theory of inflation.
- anm89 5y agoI don't even understand what you are trying to say. > If you think prices are going up I don't think prices are going up. I factually know prices are going up. We keep track of this data > you need to explain how this is possible at all. sure. Let's say I have a grocery store. I pull off the price sticker from last week and put a new one on this week. I don't even understand how this is a question. You can argue the root causes all you want but just writing the words "there is no inflation" isn't an argument.
- lottin 5y agoSorry about the confusion, I meant to say "if you think prices are going up without a corresponding increase in disposable income", not "if you think prices are going up with a corresponding increase in disposable income".