• jeffw@lemmy.worldOP
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    8 months ago

    Oh, you don’t understand inflation at all.

    Do you think groceries in 1945 were 3% higher than 1845? Since apparently we’re making meaningless comparisons across years now?

    Inflation at 2-3% is good

    • DogPeePoo@lemm.ee
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      8 months ago

      What? I’m talking about before Jay Powell increased the M2 money supply by $6 Trillion.

      Inflation metrics are year over year. The M2 supply, however was drastically inflated under his tenure, namely 2020-2022. The data you’re citing is completely manipulated.

      • jeffw@lemmy.worldOP
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        8 months ago

        If you honestly believe groceries are only 2.2% higher than they were in 2019/2020, a meaningful discussion is a dubious endeavor.

        My dude, you do not understand inflation or CPI lol