Perfusion Of Attention Prevents Confusion About Inflation

 

"Superstition" by Herr D on Paint3d. Economics can be as complicated as omens.-Shelob

Why are people still confused about inflation?

Shelob, people are always confused. Error persists and learning is slow, particularly when sloppy thinking is common. Why WOULDN'T they be confused about inflation? I have a neighbor who thinks Trump needs to be re-elected. After the LAST fiasco! Why do you not have the same confusion?

You mean about our current economy? Yes.

I guess because I pay attention. My IRA has made more money in the past two years than it has in the last twenty. It SHOULD have made more than the last five or six, considering the nature of compound interest and how long I've had it and the pandemic, where it lost money. But twenty? Then there's apps and digital books. [2 second pause] You pay attention to those?

Yuni D is a technophile and I can't afford the paperbacks I want to read, so I shop around for a while before buying. You are attempting to spend less.

Exactly! So I noticed that digital books and apps have almost not gone up at all compared to other products and services. And they went up much much later.  You are correct. That is not actually inflation.

I'll tell you what part of it is. What?

Republican-owned petroleum companies deciding to gouge customers more while making Biden look bad to anyone who doesn't think about it.