4 ms·

propagandist gonna propagandize, i guess.

• propogandist 4y ago
  here’s a biased media outlet that may meet your standards https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html https://www.nytimes.com/2022/05/24/technology/inflation-meas...
  • anotherman554 4y ago
    From the New York Times article you linked to: "But experts on inflation say the changes to calculations over the years have made the reported rate a more accurate snapshot of how much prices are rising for shoppers. The rate under a different methodology might be higher, they say, but the effect would be small, and the alternative number would do a poorer job of reflecting the costs consumers were grappling with."
    • propogandist 4y ago
      The experts on inflation told us it wasn’t real, unrelated to excessive govt spending, and that it was transitory, in the last year.
      • jonnycomputer 4y ago
        The experts thought it would be transitory, but they were wrong, and most admitted that they were wrong. It is ok to be wrong. Especially when predicting the future. Cut the malarkey. As for it not being real, who said that? No one I know. Unrelated to government spending? Well, inflation is multi-causal. Europe didn't go on a spending splurge, and yet they have inflation too. Most economists believe that government spending is at least partially responsible for the inflation. However, when the government was deciding to respond to the pandemic recession, economists advised them that the downside risks of over-compensating were smaller than not doing enough. And you know what? they were right. 8% inflation is certainly high, but this is no depression.