this post was submitted on 19 Mar 2024
197 points (90.5% liked)

News

22612 readers
5303 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

US consumers remain unimpressed with this progress, however, because they remember what they were paying for things pre-pandemic. Used car prices are 34% higher, food prices are 26% higher and rent prices are 22% higher than in January 2020, according to our calculations using PCE data.

While these are some of the more extreme examples of recent price increases, the average basket of goods and services that most Americans buy in any given month is 17% more expensive than four years ago.

you are viewing a single comment's thread
view the rest of the comments
[–] Willy -4 points 5 months ago* (last edited 5 months ago) (2 children)

jeezus Christ Lemmy. what's up with the downvotes?there is one response at this time and 16 downvotes. the response isnt even disagreeing with the sound theory presented, just saying that our system is too fucked up to work right.

I thought this community was better than this.

[–] [email protected] 9 points 5 months ago (2 children)

Because it's a wall of text trying to justify why we're all struggling, and I think people are just done trying to engage with such "galaxy brained" theories that are completely removed from our lived realities. Especially when people probably have better things to do than some point-counterpoint internet argument.

Not to mention, this "sound theory" is just that: a theory. Frankly, all of economics is entirely made up! That's not to say it's not a valuable and important study, but it's also not based on any natural laws. It's an entirely human construct and something we don't fully understand. ANY economic theory can be torn apart in thousands of ways by adjusting the models a bit. In the west we've been fed the theories from Margaret Thatcher and Ronald Reagan for longer than most of us have been alive, and it seems like those theories are falling apart around us! I think a lot of people are seeing that when GDP goes up and "the markets" go up, we don't get anything. But when "the markets" go down, we have to immediately shoulder the burden. We see our hard work being absorbed by investors seeking their ROI. We see our loyalty repaid by mass layoffs so executives and investors can earn even higher profits.

So when someone tries to justify it all using the same theories and models that seem to be causing the problem, I don't blame people for just down voting and moving on.

We're tired of being trickled down on and it's time for a new theory.

[–] Willy 0 points 5 months ago

the downvote button shouldn't be a disagree button, but a your not adding anything to the conversation button.

[–] [email protected] -3 points 5 months ago* (last edited 5 months ago)

Anyone who argues against knowledge and science should immediately be disbarred from the democratic process.