Birdwatch Note Rating
2023-08-16 18:54:39 UTC - HELPFUL
Rated by Participant: BA1E52FCE92F06AAF3DBA2F61201085E70B2637C3C83E48A3805BAE53B242BED
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