3 ms·
It doesn't mean prices in the same way that velocity doesn't mean position. We stopped moving North as fast, back near the speed we usually move North. That d
by dllthomas 3y ago
It doesn't mean prices in the same way that velocity doesn't mean position. We stopped moving North as fast, back near the speed we usually move North. That doesn't put us back where we were - we have to actually go South (deflation) for that, and there are reasons that's likely to be a bad idea even if people are mad about how far North we've recently come.
- recursive 3y agoHuh. I never considered the possibility that people might think that prices would ever go back down to old nominal levels.