this post was submitted on 24 Dec 2022
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United States | News & Politics

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Op-Ed: Wild inflation? Not anymore. A closer look shows we're already approaching normal (www.latimes.com)
submitted 2 years ago by pingveno@lemmy.ml to c/usa@lemmy.ml
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[–] yogthos@lemmy.ml 3 points 2 years ago (1 children)

Inflation was brought by creating deflation and recession though. US just traded one set of problems for another.

[–] zigzagadhesive@lemmy.ml 1 points 2 years ago (1 children)

Can you say more what you mean by the creation of deflation, please?

[–] yogthos@lemmy.ml 3 points 2 years ago (1 children)

Deflation basically means overproduction when companies produce more goods than the market can absorb. This is a pretty good article on what's happening.

[–] zigzagadhesive@lemmy.ml 2 points 2 years ago (1 children)

Thank you, comrade.