In one of the funniest headlines you will read today, if not this year, comes from Vox.
“The problem isn’t inflation. It’s prices.”
Yes, you read that right.
The left-leaning publication writes:
“The root of what’s going on here can feel obvious: blame inflation, which picked up in mid-2021 and throughout 2022. But that isn’t really the issue anymore, at least not at the current rate, because inflation is coming down. The actual problem here is prices.”
Who wants to tell them?
Now, if the author were to say that inflation means the act of expanding the money supply and price inflation is the result of the expansion, then she would have a point.
Instead, Vox goes into some nonsensical diatribe about how inflation is not the problem but rather prices.
Inflation is still rising. It is not falling. The growth rate has slowed, but the inflation rate is not declining.
Sad!
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