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Reminds me of Nixon's "the rate of increase of inflation is going down" comment and the associated quip that it was "the first time a sitting president used the
by dotnet00 4y ago
Reminds me of Nixon's "the rate of increase of inflation is going down" comment and the associated quip that it was "the first time a sitting president used the third derivative to advance his case for reelection."
- calgarymicro 4y agoThis isn't that. The rate of inflation is going down, not the rate of increase of inflation. 8.2% in September, 7.7% now. The second derivative of prices, not the third.
- dotnet00 4y agoI'm aware of that, it just reminded me of that incident and I thought others would find it funny too is all.
- qclibre22 4y agoWhich is interesting because Nixon pressured official to make "cheap money" : https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp https://www.investopedia.com/articles/economics/09/1970s-gre...