▲ 857 ▼ ‘Stop the price-gouging’: Biden hits corporations over high consumer costs (www.cnbc.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 225 comments fedilink hide all child comments
[–] ryathal@sh.itjust.works 2 points 2 years ago (3 children) But it didn't decrease, the rate of increase is what decreased. Inflation is a measure of acceleration, 7% and 3% are both increasing inflation. permalink fedilink source parent hideshow 6 child comments replies: [–] candybrie@lemmy.world 11 points 2 years ago (2 children) If you're accelerating slower, you've decreased your acceleration. permalink fedilink source parent hideshow 4 child comments replies: [–] killeronthecorner@lemmy.world 0 points 2 years ago Yeah, this permalink fedilink source parent [–] ryathal@sh.itjust.works 0 points 2 years ago (2 children) But you are still moving. The dollar is worth less. permalink fedilink source parent hideshow 4 child comments replies: [–] killeronthecorner@lemmy.world 7 points 2 years ago* Then the original comment should have been pedantic about the fact that they're clearly talking about the rate of inflation even though they referred to it simply as "inflation". The rest of us got that. permalink fedilink source parent [–] candybrie@lemmy.world 1 point 2 years ago* Which would mean it didn't decrease if inflation was a measure of value. But it's not. It's a measure of speed of change in value. permalink fedilink source parent [–] money_loo@1337lemmy.com 3 points 2 years ago Inflation is a measure of acceleration Oh look at that, you accidentally stumbled onto your own answer for why measuring a deceleration counts as a decrease, good for you! permalink fedilink source parent [–] stewie3128@lemm.ee 2 points 2 years ago "In the fall of 1972 President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection." (p. 1108) permalink fedilink source parent
[–] candybrie@lemmy.world 11 points 2 years ago (2 children) If you're accelerating slower, you've decreased your acceleration. permalink fedilink source parent hideshow 4 child comments replies: [–] killeronthecorner@lemmy.world 0 points 2 years ago Yeah, this permalink fedilink source parent [–] ryathal@sh.itjust.works 0 points 2 years ago (2 children) But you are still moving. The dollar is worth less. permalink fedilink source parent hideshow 4 child comments replies: [–] killeronthecorner@lemmy.world 7 points 2 years ago* Then the original comment should have been pedantic about the fact that they're clearly talking about the rate of inflation even though they referred to it simply as "inflation". The rest of us got that. permalink fedilink source parent [–] candybrie@lemmy.world 1 point 2 years ago* Which would mean it didn't decrease if inflation was a measure of value. But it's not. It's a measure of speed of change in value. permalink fedilink source parent
[–] ryathal@sh.itjust.works 0 points 2 years ago (2 children) But you are still moving. The dollar is worth less. permalink fedilink source parent hideshow 4 child comments replies: [–] killeronthecorner@lemmy.world 7 points 2 years ago* Then the original comment should have been pedantic about the fact that they're clearly talking about the rate of inflation even though they referred to it simply as "inflation". The rest of us got that. permalink fedilink source parent [–] candybrie@lemmy.world 1 point 2 years ago* Which would mean it didn't decrease if inflation was a measure of value. But it's not. It's a measure of speed of change in value. permalink fedilink source parent
[–] killeronthecorner@lemmy.world 7 points 2 years ago* Then the original comment should have been pedantic about the fact that they're clearly talking about the rate of inflation even though they referred to it simply as "inflation". The rest of us got that. permalink fedilink source parent
[–] candybrie@lemmy.world 1 point 2 years ago* Which would mean it didn't decrease if inflation was a measure of value. But it's not. It's a measure of speed of change in value. permalink fedilink source parent
[–] money_loo@1337lemmy.com 3 points 2 years ago Inflation is a measure of acceleration Oh look at that, you accidentally stumbled onto your own answer for why measuring a deceleration counts as a decrease, good for you! permalink fedilink source parent
[–] stewie3128@lemm.ee 2 points 2 years ago "In the fall of 1972 President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection." (p. 1108) permalink fedilink source parent