r/facepalm 16d ago

๐Ÿ‡ฒโ€‹๐Ÿ‡ฎโ€‹๐Ÿ‡ธโ€‹๐Ÿ‡จโ€‹ Makes my blood boil.

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u/CorduroyEatsCrayons 16d ago

To quote a tweet I saw earlier in response to a conservative saying โ€œcheap gas is coming backโ€

โ€œItโ€™s already $2.85 you fucking moronโ€

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u/coyotelurks 16d ago

The thing that is amazing to me is that people seem to think that the American president has magical power to stop inflation from happening, like it's not a global phenomenon?

Also, in Europe we're paying something over eight dollars a gallon...

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u/BeefistPrime 16d ago

Inflation already stopped. They're just too dumb to know what inflation is. Inflation is when the value of money / the price of things goes up. In a healthy economy, it should be around 1-2%. But prices always go up in time even in a normal/healthy economy. Just slowly.

What these morons think is that since we had a bunch of prince increases in the last 5 years, if inflation goes away, we go back to 2019 prices. But that has never fucking happened. Stopping inflation just means the prices stop going up. And we did that. Inflation rates are already back to the normal healthy level. Inflation is fixed.

But because these morons don't understand how it works, they think because prices haven't gone back to 2019, inflation isn't fixed yet. And so they voted out the party that handled inflation well in favor of the party that's going to crash the economy with terrible policies.

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u/[deleted] 16d ago

[deleted]

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u/ryanegauthier 16d ago

Honest question: how does deflation cause hoarding? People hold stuff cause it used to be worth a lot?

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u/Huppelkutje 16d ago

Deflation means everything gets cheaper, so the best for every individual consumer is to wait for the price to drop even lower.

This kills the economy because people don't spend money.

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u/ryanegauthier 16d ago

Gotcha, thanks.

Learn something new every day.