Disinformation In Economic Terms

 

"Backdrop" by Herr D on heromachine. Calling the manufactured debt ceiling issue a 'crisis' and the current economic situation 'inflation' are deceptions. One is more subtle.-Shelob

[The following is excerpted from chatbox featuring Herr D and Shelob]

 I really am sick of people calling our current economic situation inflation. You did point out the inaccuracy of the label in the entry on April 16th. Why do humans use the wrong word for things?

In this case, it's a combination of laziness, greed, and foolishness. And political manipulation. Foolishness you defined for me one way as lazy thinking. Does that apply here?

Yes. Easy enough to understand the political manipulation, but what about the greed?

The merchant forces owned by Republicans get to price-gouge during all this. They make that profit all while claiming it's inflation, and people believe it. Understood.