U.S. economy grew at a 2.8% pace in the second quarter, much more than expected - eviltoast
  • sunzu@kbin.run
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    4 months ago

    Food inflation was only “1%”

    Aka prices still went up lol

    Rent seeker never lowers the rent… Because that would cut profit margin and we can’t really boycott bread lol

    • Telodzrum@lemmy.world
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      4 months ago

      1% (annualized) inflation on food is on the low end of good. It would still be a good number up to around 3%.

      • sunzu@kbin.run
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        4 months ago

        only of you are larping “economist” bullshit that they push for their rent seeking owners.

        prices should vary based on inputs however we live under the regime where they are set up to go up at a higher rate than the wages.

        amazing how prices rarely go down even if inputs costs did like recently. money changer is always in middle to capture any of that efficiency

          • bobalot@lemmy.worldOP
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            4 months ago

            Love that people on Lemmy are as economically illiterate as those on /r/economics.

              • hark@lemmy.world
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                4 months ago

                You parrot tired talking points by economists whose job is to run PR for the rich and then when challenged on it you say the also tired “not how this works” line. Go ahead and explain how it works then. Tell us all how consumers having more money to spend on more products and services is bad, but more money going into fewer hands is great for the economy.