return2ozma@lemmy.world to News@lemmy.world · 1 year ago‘Stop the price-gouging’: Biden hits corporations over high consumer costswww.cnbc.comexternal-linkmessage-square226fedilinkarrow-up1879arrow-down122
arrow-up1857arrow-down1external-link‘Stop the price-gouging’: Biden hits corporations over high consumer costswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square226fedilink
minus-squarekilleronthecorner@lemmy.worldlinkfedilinkEnglisharrow-up21arrow-down3·1 year agoHe picked two points in time and described a number that was fixed at each instance, so decreased works fine.
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up4arrow-down2·1 year agoBut 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-up11·1 year agoIf you’re accelerating slower, you’ve decreased your acceleration.
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up4arrow-down4·1 year agoBut you are still moving. The dollar is worth less.
minus-squarekilleronthecorner@lemmy.worldlinkfedilinkEnglisharrow-up7·edit-21 year agoThen 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-21 year agoWhich 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-squarekilleronthecorner@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·1 year agoYeah, this
minus-squaremoney_loolinkfedilinkarrow-up3·1 year 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!
minus-squarestewie3128@lemm.eelinkfedilinkarrow-up2·1 year 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)
He picked two points in time and described a number that was fixed at each instance, so decreased works fine.
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.
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.
Yeah, this
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)