Foolz said:If the IMF agrees with you, that's how you know you are wrong.
If you're willing to lose yourself into semantics, be my guest, but that doesn't make you right. The Consumer Price Index measures the average change in prices paid by consumers over time for a basket of goods and services. It's an overall average of inflation in specific sectors, exactly how I described it in prior posts. It is highly impractical to say a point isn't proven unless someone else gives a conclusive list of all possible sectors on which said situation could occur. That's no longer debating, that's being pedantic and trolling.
SupremeAC said:
If you're willing to lose yourself into semantics, be my guest, but that doesn't make you right. The Consumer Price Index measures the average change in prices paid by consumers over time for a basket of goods and services. It's an overall average of inflation in specific sectors, exactly how I described it in prior posts. It is highly impractical to say a point isn't proven unless someone else gives a conclusive list of all possible sectors on which said situation could occur. That's no longer debating, that's being pedantic and trolling.
Inflation is not going to rise from a tariff. Your initial claim that it will, is incorrect; your further explanation elaborated on your point and made you less wrong (will inflation of that tariffed product rise? Of course), but then you started to imply that it might raise inflation in a more generalised manner later on, muddying the waters on your point. You then incorrectly defined inflation, quoting a source that disagreed with you. Far be it from me to defend the IMF, but you are simply wrong. Is the way inflation as a term works confusing? Maybe, but that's not my fault. However, it's not pedantry, semantics or trolling to try and use the term and concept correctly, and question someone when they make a claim using it that is wrong.
P.S. If you have your own hypothesis of how to define inflation and how it works that's fine, too; it's economics, so we can agree to disagree.
Foolz said:so we can agree to disagree.
Lol, yes lets. But hey, out of interest, what would be a correct definition of inflation? All I've seen so far is you pointing out how wrong I am, based on a misguided understanding of what inflation is, which isn't very constructive.
The news here seems obsessed with who Trump is appointing as ministers. From my own Euro-centric viewpoint it does seem like nepotism (as was to be expected) where every single one seems to have a pretty radical view on what area they will be responsible for. So far it really gives the impression that Trump's gearing up to radically reshape the government. Time will tell if it will be to its improvement of detriment, but from what I'm seeing I'm leaning more towards the latter.
SupremeAC said:Lol, yes lets. But hey, out of interest, what would be a correct definition of inflation? All I've seen so far is you pointing out how wrong I am, based on a misguided understanding of what inflation is, which isn't very constructive.
I tried to define it, but looks like I didn't do a very good shop so apologies for that. CPI is a reasonable way (please kill me for agreeing with the IMF), but any way of measuring generalised prices across multiple and unrelated categories can work.
SupremeAC said:The news here seems obsessed with who Trump is appointing as ministers. From my own Euro-centric viewpoint it does seem like nepotism (as was to be expected) where every single one seems to have a pretty radical view on what area they will be responsible for. So far it really gives the impression that Trump's gearing up to radically reshape the government. Time will tell if it will be to its improvement of detriment, but from what I'm seeing I'm leaning more towards the latter.
That Musk is going to be on a fake government department based on a meme and pyramid scheme is certainly something. On one level I can't help but respect the absolute shithousery of it.
Hello, it's me the guy referenced in the original post.
Lol Trump won again.
Will never vote for Democrats ever again (and haven't in years), especially since they are supporting genocide of a settler colonialist Nazi state.
I'm a communist now by the way.
If you're an American join the PSL.
One of the site's forefathers.
Play fighting games!
Punk Rebel Ecks said:Hello, it's me the guy referenced in the original post.
Lol Trump won again.
Will never vote for Democrats ever again (and haven't in years), especially since they are supporting genocide of a settler colonialist Nazi state.
I'm a communist now by the way.
If you're an American join the PSL.
It's certainly interesting seeing a lot of the people most distraught with the Trump victory being outraged that people would consider that a reason not to vote for the democrats, while also being very despondant over him not warmongering enough with Russia, China and North Korea.
The ICC just issued an international arrest warrant for Netanyahu, his former defence minister Galant and Hamas leader Mohammed Deif.
That's pretty big news. Although I wonder if this just further divides the world, as it's clear that a number of nations clearly aren't fussed about what the ICC says or does.
I don't even think ICC signed up countries would arrest them.
Starmer the new UK PM was once head of the Crown Prosecution service, he helped Israeli politicians avoid arrest when they came to the UK years ago.
SupremeAC said:The ICC just issued an international arrest warrant for Netanyahu, his former defence minister Galant and Hamas leader Mohammed Deif.
That's pretty big news. Although I wonder if this just further divides the world, as it's clear that a number of nations clearly aren't fussed about what the ICC says or does.
All it will do is slightly reduce his visa options (if that). In any case, it's pretty surprising they actually did it!
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Tell me to get back to rewriting this site so it's not horrible on mobilegamingeek said:People are fed up with democracy, but that's the fault of politicians already in power.
Now we just all shout at each other like opposing football teams.
Globalisation "failed" and people are pissed. Let's face it, it's the economy and inflation.
There is no such thing as democracy in Capitalism. We only got a good three decade run due to strong unions, the global south being too poor to export manufacturing to, and Communism scaring the ever living shit out of the ruling class so they were forced to give concessions. All three of those things are gone now so there is no incentives for them to compromise.
One of the site's forefathers.
Play fighting games!
I read through the reporting of auguration day and Trumps actions so far. Baffling what he has said and done in these few hours and to how they already seem so diametrically opposed to someone who is not in thrall to his ideology.
Also, I wonder how Elon feels about Trump's executive order to abollish 'X' as a gender.
Why do you think I watch Police Academy? I have to watch mindless bullshit to get over the mindless bullshit.
So now Trump has settled in.
How are you finding his new presidency?
He banned paper straws the other day.
And awarded tesla a $400 million government contract.
Had an epic phone call with his bestie, Putin.
And tarriffed most of the world.
gamingeek said:So now Trump has settled in.
How are you finding his new presidency?
If the IMF agrees with you, that's how you know you are wrong.
In any case, if the IMF refers to "inflation", it is most likely referring to inflation based on consumer price index, which is a broad measure, designed to reflect "overall" prices. If it isn't referring to CPI, then it will make a more specific statement as, for example, in its article on inflation, the "food and fuel" inflation of 2008. Hence, in practice, inflation refers to overall prices (as measured through the CPI); inflation of other sectors are specifically defined as such. Your examples were limited to specific sectors. So, as stated earlier, what you're referring to is indeed inflation, but it's not...inflation.