Birdwatch Note Rating
2023-08-16 14:08:30 UTC - HELPFUL
Rated by Participant: B82758B0A8BADC8B39EBF43D1DB0A4D370E4BE46B413B10DD3B7EAA21842EBB2
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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