Birdwatch Note Rating
2023-08-16 18:45:41 UTC - HELPFUL
Rated by Participant: B4856EE7A8A6C2420A9241CB9A58593C7BDDD47052A1BF1C6D1EC88AB8DAA155
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.
All Note Details