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He'll probably see that as an issue for the president after him
by akmarinov 2y ago
He'll probably see that as an issue for the president after him
- robertlagrant 2y agoFrom the looks of things the inflation has happened under the current president, and the next one will have to fix it.
- bryanlarsen 2y agoThe current annual inflation rate is 2.97%.
- robertlagrant 2y agoHere[0]. Look at post-2020. The rate might have now reduced a little, but it's still stacked on top of the previous higher inflation since 2020. [0] https://fred.stlouisfed.org/graph/?g=WAVo https://fred.stlouisfed.org/graph/?g=WAVo
- bryanlarsen 2y agoBut "fixing" that with deflation would be a cure worse than the disease.
- robertlagrant 2y agoThat seems like a separate topic.
- bryanlarsen 2y agoIt's kind of moot anyways, neither side is advocating for deflation. The 2022 inflation is baked into prices now and it's never coming out unless something really bad happens to the economy. Economists are kind of mixed on whether deflation is really bad. Periods of deflation in the past have always occurred during really rough economic times. Was the deflation cause or effect? It's hard to tell, but those times were so bad nobody is anxious to find out.
- robertlagrant 2y ago> It's kind of moot anyways, neither side is advocating for deflation Okay, but you brought up how Trump/Vance would increase inflation. It's already increased under Biden/Harris, unlike Trump/Pence, so now it's moot?
- bryanlarsen 2y agoTalk about deflation is moot. Nobody is suggesting that.
- tojaprice 2y agoThat seems to be how a lot of politicians across the world tend to see the issues they cause, unfortunately.
- deleted 2y ago[deleted]