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Yeah, except we're talking about returning to pre-Covid levels. Not whatever you just made up. That would imply prices return to the previous levels. That will
by sidewndr46 4y ago
Yeah, except we're talking about returning to pre-Covid levels. Not whatever you just made up.
That would imply prices return to the previous levels. That will never happen with inflation.
- PaulDavisThe1st 4y agoNo, it doesn't mean that at all. Real prices are a function of the ratio between the cost and earnings. If earnings rise faster than cost, real prices fall. Now, whether or not that's a likely scenario is a separate question, but it is absolutely not impossible and has happened before.
- sidewndr46 4y agoHave you ever been into a store and had them list the price of an item as 0.00389% of your annual income?
- PaulDavisThe1st 4y agoOf course not. That doesn't make what I said false. Have you ever had anyone say "cars cost so much more now, they were only $800 in 1942" and be taken seriously? (or whatever similar example you want to use)
- pigsty 4y agoInflation has been going on basically constantly for centuries. Nobody is really expecting to buy a coke for a quarter or anything again, but people are expecting the prices to not grow 10% every couple months so that they’ll be able to switch to a job where things will feel affordable again (since jobs offering fair wage increases are basically a thing of the past). Nobody would complain about $10 bags of chips if they made 4000x that a month.