Birdwatch Archive

Birdwatch Note

2023-08-16 12:06:40 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

Lower inflation does not mean people will have more money. It means the cost of goods is still increasing, but by smaller amounts. As a result people would still spend more money on goods and have less in their pocket. Lee would be correct if he were talking about deflation. https://www.investopedia.com/ask/answers/111414/what-difference-between-inflation-and-deflation.asp#:~:text=Inflation%20occurs%20when%20the%20prices,one%20condition%20to%20the%20other.

Written by ED8949B13307CA0180C0C42F4C05586776CDAF12CFF33C1EDB3D405B7E917804
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• noteId - 1691783532929057147
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• noteAuthorParticipantId - ED8949B13307CA0180C0C42F4C05586776CDAF12CFF33C1EDB3D405B7E917804 Participant Details
• createdAtMillis - 1692187600725
• tweetId - 1691701068210561075
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
• believable -
• harmful -
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• summary
• Lower inflation does not mean people will have more money. It means the cost of goods is still increasing, but by smaller amounts. As a result people would still spend more money on goods and have less in their pocket. Lee would be correct if he were talking about deflation. https://www.investopedia.com/ask/answers/111414/what-difference-between-inflation-and-deflation.asp#:~:text=Inflation%20occurs%20when%20the%20prices,one%20condition%20to%20the%20other.