Things that made you Facepalm today (Political Version)

[Methais]

Numb nuts, how can you seem to grasp a basic concept and yet still be so fucking dumb at the same time? Yes, inflation rarely goes away, though as an economy cools businesses offer reduced prices to move good which provides a better value to a consumer. So too does inflation moderate and sometimes get outpaced by wage gains.

Month over month inflation has been minimal, looking at the latest figures will show you the most volatile areas continue to be rent and energy. A 0.2% increase month over month on non-energy CPI? GASP, people really will miss those couple of extra pennies on their next purchase!

You're like a battered wife that's developed Stockholm syndrome.

[Gelston]

"Inflation is easing" Easily one of the dumbest fucking things Seran has said.

Newsflash! Inflation doesn't go away! A 9% increase means we all are paying 9% higher for goods...FOREVER. Inflation "easing" just means we won't keep paying 9% more every year compared to the last, instead we'll just be paying 5-6% more. YAY for inflation easing!

Economic deflation is a thing, but that isn't what is occuring.

[Tgo01]

Economic deflation is a thing, but that isn't what is occuring.

Deflation very rarely happens.

[Gelston]

Deflation very rarely happens.

Twice in the US in the last 20 years. It is rarer these days, but happened a lot more often when we were tied to the gold standard.

[Methais]

Deflation very rarely happens.

[Tgo01]

Twice in the US in the last 20 years.

There have been 2 very short periods of deflation in the US in the past 70 years.

[Tgo01]

Curses! Foiled again!

[Seran]

Deflation in a policy sense is largely avoided due to the impact on businesses and is rare seen for two chief reasons:

1) On paper, CPI, PPI and other economic numbers capture large swaths of industry and where deflationary price moves in say semiconductors, would be offset by stagnation or increases in other components. Meanwhile individual bargains from one company decreasing it's consumer price are camouflaged by other's not moving their prices.

2) When production costs or materials costs decrease, savings are very rarely passed onto consumers. Instead, businesses book the reduction of cost as profits, leaving their consumer price unchanged to maximize their return for as long as the market will bear. This is why you can't base an entire economic agenda against inflation numbers, because they do not paint the entire picture of how the economy is doing. Tldr: it's doing well.

[Methais]

Deflation in a policy sense is largely avoided due to the impact on businesses and is rare seen for two chief reasons:

1) On paper, CPI, PPI and other economic numbers capture large swaths of industry and where deflationary price moves in say semiconductors, would be offset by stagnation or increases in other components. Meanwhile individual bargains from one company decreasing it's consumer price are camouflaged by other's not moving their prices.

2) When production costs or materials costs decrease, savings are very rarely passed onto consumers. Instead, businesses book the reduction of cost as profits, leaving their consumer price unchanged to maximize their return for as long as the market will bear. This is why you can't base an entire economic agenda against inflation numbers, because they do not paint the entire picture of how the economy is doing. Tldr: it's doing well.

Prices at the grocery store prices disagree.

Tldr: I'm a brain dead NPC.

This is correct.

[Suppa Hobbit Mage]

Big Brother is here (well really has been for awhile). I knew it was being used by the police in I think two cities as a test case, but had no idea that private industry and instituted it in this manner.

Face Recognition Tech Gets Girl Scout Mom Booted From Rockettes Show — Due to Where She Works

https://www.nbcnewyork.com/investigations/face-recognition-tech-gets-girl-scout-mom-booted-from-rockettes-show-due-to-her-employer/4004677/