That’s because low inflation does not mean prices come back down, which is what people expect. So technically inflation is not out of control. But prices are still high. That’s what people mean.
It’s not pedantic. People just literally don’t understand what inflation means. Wage growth, apparently, has caught up to inflation, so it’s really just that people haven’t adjusted their mindset to the higher prices now. And they’re angry about it.
It’s not pedantic. People just literally don’t understand what inflation means
In almost everything there is the scientific or technical definition of the term, and then there is common parlance. People will never know the technical terms, just accept that because all you’re accomplishing is being pedantic.
Weird. It’s almost like colloquiality is a thing. Words weren’t written down thousands of years ago to remain unchanged through usage. Or you could choose to be an inflexible pedant in a changing world…?
I assumed I could have a discussion on Lemmy about the very clear difference between two words without getting attacked for it, but I guess not.
I also don’t agree that the word inflation has colloquially changed meaning, I think people just are not aware that inflation is normal now. They look at the current prices due to the period of previous inflation and are angry about it.
You’re entitled to your opinion. But just repeating “inflation means something different” in various ways and doubling down on being offended that others don’t agree with you is not “discussion”. Wish you the best, we need you…
I’m more surprised at how quickly the Lemmings got emotional about this than I am offended. Also that’s kind of reductive to say I’m just repeating and doubling down. I’m trying to explain myself. I guess I should just acquiesce to the Lemmy masses or not comment at all, because that’s how we foster a community.
Thanks for the somewhat reasonable comment, I guess.
That’s because low inflation does not mean prices come back down, which is what people expect. So technically inflation is not out of control. But prices are still high. That’s what people mean.
That’s exactly what I said.
Not really. Sorry but you’re playing pedantic with the terms. People say inflation to mean high prices.
It’s not pedantic. People just literally don’t understand what inflation means. Wage growth, apparently, has caught up to inflation, so it’s really just that people haven’t adjusted their mindset to the higher prices now. And they’re angry about it.
In almost everything there is the scientific or technical definition of the term, and then there is common parlance. People will never know the technical terms, just accept that because all you’re accomplishing is being pedantic.
How basic of terms should we give up on? Inflation is not a difficult concept. I would barely call it a technical term.
Let me know if you stop people from using the word theory incorrectly. That’s only been going on for centuries, surely we’ll educate everyone any day!
You jest, but seriously, inflation is not that hard to understand. You apparently have a very low threshold for calling something pedantic.
You are going to be sorely disappointed by the world.
Weird. It’s almost like colloquiality is a thing. Words weren’t written down thousands of years ago to remain unchanged through usage. Or you could choose to be an inflexible pedant in a changing world…?
I assumed I could have a discussion on Lemmy about the very clear difference between two words without getting attacked for it, but I guess not.
I also don’t agree that the word inflation has colloquially changed meaning, I think people just are not aware that inflation is normal now. They look at the current prices due to the period of previous inflation and are angry about it.
You’re entitled to your opinion. But just repeating “inflation means something different” in various ways and doubling down on being offended that others don’t agree with you is not “discussion”. Wish you the best, we need you…
I’m more surprised at how quickly the Lemmings got emotional about this than I am offended. Also that’s kind of reductive to say I’m just repeating and doubling down. I’m trying to explain myself. I guess I should just acquiesce to the Lemmy masses or not comment at all, because that’s how we foster a community.
Thanks for the somewhat reasonable comment, I guess.