AOC says inflation is propaganda

I believe he was using the current rate, not the rate over the past year. imo, that is silly, but not mathematically wrong. I mean if prices rise 300% for 11 months, who cares if it is 3% in month 12?

 

A 3% increase on $200 is $6.
Now if he was using a 1% increase it would be $2 more but I’m not sure what measure gives you get a 1% increase?

 

unfortunately we are adding far more debt in percentage terms than inflation - as reflected in rising debt/real gdp.

 

is debt in real terms here? I ask, cuz inf impacts all existing debt too.

 

Sorry fixed it for august.
July 2022 it was 8.5%. July 2023 it was 3.2%.
Can’t fix deficit with inflation if we also keep inflating how much we spend each year….

 

go back & look at his post. He was netting out the target rate of 2%, hence measuring "excess inf"

here. voodoo econ IMO

"It pretty much is ... if we are at 3% and the target is 2%, then that means you are paying a whole extra $2 for $200 worth of groceries. Seems like that is getting too much attentions, but I get that republicans still want to push that issue for their base, which is largely uneducated and bad at math."

 

that’s the point. Debt to gdp in increasing so by definition the amount of new debt is exceeding the rate of inflation.

Also, inflation has caused interest rates to go up, which further increases the debt.

 

You obviously aren’t comprehending what I wrote … or are just bad at math. Reread it. I accept your apology in advance.

 

I said the 1% is the difference between their target and the actual rate… which makes a real difference of $2…. Cuz math.

 

That’s sure is some gimmick mental gymnast math there man.
How did you even figure that out?.. Lol

 

Yeah sorry I didn’t follow the to quote another poster “voodoo math”.

When people buy stuff and it’s more expensive nobody says well we are only 1% above target inflation so it’s not that much more…

 

in yr previous post you said debt to real gdp. do you have a link? new debt can exceed the rate of inf AND real debt/ real dnp can go down. I think*

*I am in what my wife calls an evening state of mind, so I could be.....whoa all these colors....

 

Reading comprehension… you can lol if you want, but that is the truth. 3% inflation is slightly above the target and basically a rounding error in your checkbook when compared to their target. I’m not going lose sleep over spending an extra dollar per $100 I spend.

 

I agree, Some people are not smart enough to figure it out and have to have it explained to them…. Lol.

 

Biden should trot you out and explain to everyone whose food bills have skyrocketed over the last 3 years.

I can see it now “ you’re really only paying 1-2 dollars per $100, don’t lose sleep over it. Everything is just great, sleepy Joe has saved the day”.

Man to be so out of touch with the increase costs the average person has dealt with.

 

Yes, all those nice raises the average person has to deal with, too … last I checked, the 5% pay increases are greater than 3% inflation…. I know you guys are trying hard to keep it a political issue, even though inflation hasn’t been very high in over a year, but if talking about bad things were 2021, due to global inflation, is all you got, I’m liking Joe’s chances. I think most people are smart enough to realize their pay checks are bigger …not all, obviously, but most.

 

Yeah that 5% raise really offset the massive increase in housing costs, you like me likely have been locked into our homes at low rates for years.
Many aren’t take the pulse of people who rent and see what they think.
Give it another year of 7% car loans etc.
Loans defaults are rising on CC and autos, whistle along and crow about how they shouldn’t care about an extra 1% at the store.
The average voter just sees what his own pocket looks like.
We will see.

 

It may be just debt to gdp, not real. But as long as real gdp growth is positive, then gdp growth > inflation, and if debt to gdp is growing, the debt is growing faster than inflation. I think.

 

The Gators losing to Utah is propaganda. Fake news.

But if we're being serious, I read the article in the OP and watched the linked video. Two issues: (1) AOC technically didn't say anything. She shared a video on social media of somebody else saying some pretty dumb things. (2) Even that person didn't claim inflation is propaganda. They argued that the narrative surrounding inflation is propaganda (and then attributed the price increases to greedy corporations).

 

He was talking about the difference in target of 2% and current 3%.