return2ozma@lemmy.world to News@lemmy.world · 7 个月前‘Stop the price-gouging’: Biden hits corporations over high consumer costswww.cnbc.comexternal-linkmessage-square224fedilinkarrow-up1878arrow-down122
arrow-up1856arrow-down1external-link‘Stop the price-gouging’: Biden hits corporations over high consumer costswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 7 个月前message-square224fedilink
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up4arrow-down2·7 个月前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.
minus-squarecandybrie@lemmy.worldlinkfedilinkarrow-up11·7 个月前If you’re accelerating slower, you’ve decreased your acceleration.
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up4arrow-down4·7 个月前But you are still moving. The dollar is worth less.
minus-squarekilleronthecorner@lemmy.worldlinkfedilinkEnglisharrow-up7·edit-27 个月前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.
minus-squarecandybrie@lemmy.worldlinkfedilinkarrow-up1·edit-27 个月前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.
minus-squaremoney_loo@1337lemmy.comlinkfedilinkarrow-up3·7 个月前 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!
minus-squarestewie3128@lemm.eelinkfedilinkarrow-up2·7 个月前“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)
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.
If you’re accelerating slower, you’ve decreased your acceleration.
Yeah, this
But you are still moving. The dollar is worth less.
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.
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.
Oh look at that, you accidentally stumbled onto your own answer for why measuring a deceleration counts as a decrease, good for you!
“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)