Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
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If every person’s salary increased to match I flation we would enter a wage hike spiral where wages go up, inflation rises, wages go up, inflation rises, etc
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That is not at all how economists look at resolving problems.
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Many economists support forgiving student loan debt.
Here’s Noah Smith supporting it: https://www.noahpinion.blog/p/does-student-loan-forgiveness-make
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Noah Smith is not a “5th dentist” lol (cool term tho - thanks for teaching me that)
I happen to agree with the Brookings institution
Targeted debt relief is ideal.
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