Exactly 0.
How...convenient.
I wonder if this Vox clown has been to the grocery store lately. Those prices sure aren’t staying flat, nor have they through the QE1, QE2, QE3, etc.
But I wouldn’t expect a leftist to understand economics.
The only question is whether the writer is stupid enough to believe that, or whether he is just trying to squeeze Baghdad Bob out of a job.
It is as you say, 2 dv,
Ted pandereth not. When gog runs the press, dollar value declines.
When gog sells promissory notes, the rich get richer.
When gog sells debt to China, we buy security, no one fights trillion dollar debtors.
Negative interest looms, and the time warp begins.
Ted stands correct, not corrected. Respectfully
Rab
Oh, what a good job we do ... rigging the indices!
You might call it "defining inflation downward". Sort of like Pat Moynihan's definition of what the left was doing 20 years ago with moral perversion, "defining deviancy downward".
No inflation? Only by the idiotic measure the government uses which ignores food and energy. Food prices have skyrocketed over the last several years
Data? From the same administration that gives us a 5% unemployment rate with 92,000,000 people out of work? All you have to do is go to the grocery store, or look at your new tax assessment, or how about the new (federal) flood insurance cost? I’m on a fixed income, I have less to spend now than a year ago...everything else is a LIE from this corrupt administration.
What a load. The wife and I were just talking about this.
I bought a pizza, it was in a huge box. The packaging is a gimmick where they sell the box for the same price they did 5 years ago, only the pizza inside is half the size.
I hand a “hungry mans’ TV dinner. They used to pride themselves as having lots of food in them. They are about half what they used to be at the same price.
| Year | 2014 | 2015 | Change |
| 24 Pack Coke | $7.18 | $5.98 | -$1.20 |
| 5 Lb Bag Flour | $1.98 | $1.46 | -$0.52 |
| Chicken Soup | $1.35 | $1.34 | -$0.01 |
| Frozen Pizza | $2.98 | $2.50 | -$0.48 |
| Gallon Gas | $2.75 | $2.21 | -$0.54 |
| KW Hour Elec | 12.72 | 12 | -$0.72 |
| Lb Bacon | $5.48 | $5.24 | -$0.24 |
| Lb Green Grapes | $1.98 | $1.48 | -$0.50 |
| Lb Ground Beef | $5.98 | $5.26 | -$0.72 |
| Lb TasteLikeButter | $2.88 | $2.88 | $0.00 |
| Lg Cornflakes | $2.98 | $2.93 | -$0.05 |
| Loaf Bread | $1.98 | $1.98 | $0.00 |
| New House Buy | $373,500 | $364,100 | -$9,400.00 |
| Tide Soap Powder | $17.97 | $11.76 | -$6.21 |
| Toilet Paper | $3.98 | $3.98 | $0.00 |
We often like to say cheaper prices are better and turn right around and say we ought to get a raise. Fact is that when prices like these go down folks tend to buy less now figuring that they'll be lower tomorrow, or at least their wages will be.
What ever we decide about today's prices, we got to realize that the deflation of the 1930's was a lot worse than the inflation of 1980.
.
The real concern lately has been the prospect of deflation - falling prices. A little inflation is much preferable to deflation. How can a producer invest in plant, equipment and labor if at the end of the process, the finished good will be worth less than what it cost to produce it? And, looking at the problem from the consumer side, why should a consumer buy something today if he/she believes that he/she can pay less by buying tomorrow?
Deflation - falling prices - is very destructive to an economy. It discourages both production and consumption.