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159

Inflation is only coming down because of the things we are doing, insists government that claimed there was nothing they could do to influence inflation when it was going up (newsthump.com)

submitted 2 years ago by merridew@feddit.uk to c/unitedkingdom@feddit.uk

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[–] ReCursing@kbin.social 35 points 2 years ago (1 children)

Remember: inflation coming down means things get more expensive slower, not that prices come down. We still have a ~~cost of liv~~ greed crisis

[–] mannycalavera@feddit.uk 4 points 2 years ago (5 children)

Don't pretty much all economists recommend some level of inflation? Not as high as we are experiencing now, but not nothing like you're suggesting.

[–] Natanael@slrpnk.net 8 points 2 years ago

Economists that back an economy built on permanent expanding debt

[–] Lazylazycat@lemmy.world 7 points 2 years ago

That might work if wages increased with inflation, but they haven't since I left uni 15 years ago.

[–] quicksand@lemm.ee 6 points 2 years ago

Yes because those economists own stocks, which naturally go up when inflation happens. These fools literally hopped onto the status quo bandwagon and I resent them for it

[–] andthenthreemore@startrek.website 3 points 2 years ago

Yes, but food inflation has been so high we can probably handle some limited deflation there. It's also not like someone is going to put off buying some bananas because they think they'll be cheaper next week.

[–] ReCursing@kbin.social 3 points 2 years ago

Yes, but the point is that once inflation gets back to ~2% (the bank of England's target) the problem is not solved, everyone is still effectively poorer except the rich, it's just not getting worse

[–] MrMonkey@lemm.ee 0 points 2 years ago (1 children)

That was a horribly written article. What is this tabloid trash?

[–] towerful@programming.dev 14 points 2 years ago (1 children)

Newsthump is a satire site.
I think this is a parody on The Onions classic "'No way to prevent this' says only country where this regularly happens" article they release after mass shootings in the US.

[–] MrMonkey@lemm.ee -2 points 2 years ago (1 children)

Then it's really bad parody.

Either way, it's poorly written.

[–] ReCursing@kbin.social 4 points 2 years ago

Generally Newsthump's headlines are better than their articles. This is not a great example of their headlines