this post was submitted on 12 Feb 2025
691 points (96.4% liked)
memes
11646 readers
2197 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
A collection of some classic Lemmy memes for your enjoyment
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Will prices start going down now?
Funnily enough at a macro scale the economy was in super good shape as trump took office with all economic indicators pointing upward. Wages grew by over 4% year over year while inflation was less than 3% meanwhile the price increases that were seen over 2021-2023ish were either rolled back or otherwise ceased being increased. Trump could literally do nothing, let the existing trends play out over 4 years and retire with an economy worth bragging about.
Obviously he's not going to and is enacting explicitly inflationary policies, so we're likely to see more hyperinflation within the next few years
Of course. The name written on the map is what was keeping that huge inflation there on the US at 2%/y.
In all seriousness, periods of marked deflation are generally not economically prosperous times. The economy deflated more than 20% between 1929 and 1936. But we don't call that period in time "The Really Cool American Price Drop." It goes by another name I can't think of right now, and it's making me feel greatly depressed.
We shouldn't be fighting for lower prices. We should be fighting for better wages that track with prices over time.
No, we should also be fighting for lower prices.
It's just that the way we achieve them is with price controls. Stop letting profiteers take as much as they want.