Birdwatch Note Rating
2023-08-17 21:42:39 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 3CF9C2CB70C049CDBFE7305B5D99F27F8B1021F7BCB3ADA816B5E42556578E9A
Participant Details
Original Note:
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.
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