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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by senordevnyc on Wednesday April 30, 2025 @10:03AM (#43845417)
prices never returned to pre-covid levels, as everyone claimed they would

No one who knows anything about economics or inflation claimed that prices would return to their pre-covid levels. However, inflation has gone way down from its peak.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by BizarroLand on Wednesday April 30, 2025 @11:51AM (#43846935)
Inflation is a description of how fast prices increase. Prices on goods used to stay relatively static for months or years at a time, and sometimes even trended downwards.

Prices have basically only gone up on almost everything for the past 5 years. Going up slower does little good.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by dragonwriter on Wednesday April 30, 2025 @12:17PM (#43847339)
> Prices on goods used to stay relatively static for months or years at a time, and sometimes even trended downwards. Prices have basically only gone up on almost everything for the past 5 years

No, consumer prices trending downward is called deflation and the economy has been actively managed to try to prevent that for a very long time. Mild inflation has been the target and rule for a very long time, with the deviations being high inflation outside of a few major economic collapses. This is not a new trend of the last 5 years.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by BizarroLand on Friday May 02, 2025 @01:54PM (#43872886)
I think you misunderstand.

Prices on some things trend downward without inflation as the products become cheaper to manufacture and distribute due to process improvements and economy of scale.

Take, for instance, flat screen tvs. The first 42" flat screen TV, released in 1997, cost $18,750, or the equivalent of $37,201 in today's money.

https://www.wgal.com/article/evolution-of-tv-technology-pric...

The least expensive 42" (technically 43") tv available at Bestbuy today is on sale for $113.99, or the equivalent of $57.21 in 1997 money.

https://www.bestbuy.com/site/hisense-43-class-a6-series-led-...

Obviously this is not an apples to apple comparison, its a clarification that on some goods prices decrease regardless of inflation due to forces outside of the relative value of a dollar.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by dgfitz on Wednesday April 30, 2025 @10:28AM (#43845768)
Didn't basically everything go up but wages? So we inflated the cost of things by what, 15% or more over the past few years, wages didn't follow. All the savings and free money people had are gone now, it took a while.

I don't care if we blame the current economic policy, I don't like the current economic policy at all. I think the problem is much bigger than that.

I still would like to know where all that money went. I can't figure that out.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by dfxm12 on Wednesday April 30, 2025 @12:18PM (#43847342)
You almost answered your own question. The price of things went up, and they went up along with profits. The money went back to the firms who raised prices. It's greedflation.

https://www.forbes.com/sites/eriksherman/2025/04/25/why-corp...

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by dgfitz on Wednesday April 30, 2025 @12:46PM (#43847796)
So how do we fix that?

I get Covid was a mess in real time and it was used as a political pawn, which really sucks. Trillions of dollars went into the US economy, and most of the country feels broke.

I don’t care how the market did, fuck the market, it’s a bubble that’s been waiting to pop for years.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by dfxm12 on Wednesday April 30, 2025 @01:05PM (#43848048)
One thing we can do is raise taxes on the rich and large businesses and corporations. This action is supported by a majority of Americans: https://www.pewresearch.org/short-reads/2025/03/19/most-amer...
Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by coldpie on Wednesday April 30, 2025 @01:30PM (#43848346)
Wealth tax. Progressive wealth tax that caps at a 100% tax on wealth over $10M. Exact number negotiable, but that's where I'm starting the bidding. No individual has a legitimate use for more than $10M in assets.
Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by arrrg on Wednesday April 30, 2025 @11:17AM (#43846476)
US post pandemic economic recovery has been astonishingly great measured against other major economies.

Obviously (real) wages did take a hit like everywhere but have been recovering, too.

My working theory is that noticeable inflations makes people go crazy and trumps anything else. Completely closes people off to rational thought and that’s what sunk Biden. Despite awesome economic recovery given the circumstances.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by dgfitz on Thursday May 01, 2025 @08:12PM (#43864823)
My working theory is that this is a gigantic misnomer:

> US post pandemic economic recovery has been astonishingly great measured against other major economies.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by marcosdumay on Wednesday April 30, 2025 @02:08PM (#43848822)
> Didn't basically everything go up but wages?

That's how inflation works.

> I don't care if we blame the current economic policy

You mean the previous one until January, that stopped the inflation, or the current one that is making a lot of it for the next months?

> I still would like to know where all that money went.

The money is cycling around people and companies. That's what money almost always do, the US was an exception until recently, but exceptions to that never last.

Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by dgfitz on Wednesday April 30, 2025 @03:58PM (#43849966)
> The money is cycling around people and companies. That's what money almost always do, the US was an exception until recently, but exceptions to that never last.

It is? Why have wages been so stagnant for so long? Isn't that one of the leading theories/reasons Trump was elected, people are completely strapped for cash. I had read recently that loans are being increasingly being paid late, credit card debt has grown massively, home prices and through the roof, and the job market is a disaster.

Where is all that money again?