• Jesus@lemmy.world
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    10 hours ago

    You counteract inflation by making sure people’s wages also change to reflect the new value of the dollar. Which they haven’t.

    Prices don’t come down unless you enter a period of deflation. And if you thought inflation sucked, deflation sucks even more. Especially for a nation of people who hold a lot of debt. As the value of current grows, so does the value of your debt. If you have debt, your debt burden increases.