• cogitase@lemmy.dbzer0.com
    link
    fedilink
    arrow-up
    4
    ·
    4 days ago

    There are lots of people out there who think that inflation means how much prices have risen in some recent period of their memory. If something that cost $3 in 2018 is now $6 and you tell them inflation is at 2%, they will be completely bewildered as to how this can be true. There are also tons of people who don’t understand why deflation is bad or undesirable. If you can’t tell who is lying to you because you have no idea how the economy works, you’re just going to choose the one you remember as being better.