Birdwatch Note Rating
2023-08-16 14:16:24 UTC - HELPFUL
Rated by Participant: C10641E13C1874FE4C677AD16DE220DFB909CA4531A292F5793E549768AE53EE
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