I’m not sure if is the best place for this question, but it’s something I’ve only ever seen come up on this sub so hopefully it’s a good place for an answer.
Multiple times here I’ve seen people say that inflation is not a rise in prices. This is not how the word is normally defined or used, either by laypeople or economists.
What I’m trying to understand is where this idea comes from. Because clearly it’s coming from somewhere. Somewhere there must be people writing articles or having discussions where “inflation” is used in this specific way. A few times I’ve asked people where their definition comes from and been met by silence.
In: Economics
I don’t see or hear a lot of people claiming that inflation is not a rise in prices, so maybe a little more detail on where you see this argument. If it’s just from random people on the street it may just be ignorance. There’s a lot of incorrect assumptions about a lot of things in the world. Some people think the Earth is flat, some people think we didn’t land on the moon, some people think jet fuel can melt steel beams. Our education system is not perfect and disinformation on the internet is a powerful thing
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