- Nov 10, 2019
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- #101
Ever heard of "The Rachet Effect"? It never goes back down, but equilibrium is attained, to an extent. I picked up on this in Econ I, and verified by living through the 70s and 80s. It does not excite me much, as have seen it before, when inflation much worse for far longer periods of time, and without the employment and production numbers we are seeing now.Ah, White? You do realize that it's the RATE of inflation that's gone down...not inflation itself...right? That means that it was increasing at over 7% and now it's only increasing at over 3%! That's not something to "check"! You obviously didn't take Economics either!