But they are not getting worse. People just don’t understand economics. They just see a number or headline that happens to align with their beliefs and then barf their ignorance into comments.
I mean, there’s that, but while there’s rough consensus that a bit of inflation is a good thing for the economy, it’s not undisputed fact, the exact target number isn’t undisputed either, neither is whether it would be a bad thing if we just had inflation way higher than that, or how to measure inflation in the first place, and the benefits to the economy don’t necessarily translate to a specific person’s situation. So it’s not necessarily just ignorance, and thus doesn’t necessarily justify condescension.
I think they’re saying that while it’s good that things are getting worse at a slower rate, they’re still getting worse.
Of course, one can argue about at what level of inflation things are still getting worse.
But they are not getting worse. People just don’t understand economics. They just see a number or headline that happens to align with their beliefs and then barf their ignorance into comments.
I mean, there’s that, but while there’s rough consensus that a bit of inflation is a good thing for the economy, it’s not undisputed fact, the exact target number isn’t undisputed either, neither is whether it would be a bad thing if we just had inflation way higher than that, or how to measure inflation in the first place, and the benefits to the economy don’t necessarily translate to a specific person’s situation. So it’s not necessarily just ignorance, and thus doesn’t necessarily justify condescension.