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I'll just point out that when you say "inflation improved massively," you are talking about the second derivative of price. You are saying that there was a posi
by ComplexSystems 2y ago
I'll just point out that when you say "inflation improved massively," you are talking about the second derivative of price. You are saying that there was a positive change in inflation, meaning that the rate of change of the rate of change of price is favorable. Who cares? This is not a meaningful statistic. People can't afford groceries!
- lukas099 2y agoWell, we don’t want prices to go down. That would be deflation, which is worse than inflation.
- disgruntledphd2 2y agoSo how come the massive deflation in goods over the last fifty years didn't destroy the world economy?
- lukas099 2y agoSome goods might have deflated, but overall there was mild inflation.