4 ms·
Well, I look at the inflation numbers, and then I look at the prices, and I notice that prices consistently rise faster than inflation. And I think that observe
by immibis 1y ago
Well, I look at the inflation numbers, and then I look at the prices, and I notice that prices consistently rise faster than inflation. And I think that observed reality outweighs any vague theoretical justification. But I'm not an economist. I notice that economics seems to be the only "science" where if the theory and reality disagree, it means the reality is wrong.