President Biden criticized news coverage of the U.S. economy as he faces growing backlash from voters over his handling of inflation. In brief remarks Saturday before boarding the presidential heli…
  • the post of tom joad@sh.itjust.works
    17·
    11 months ago

    “fool! If you knew economics better you’d understand that your buying power is the wrongest metric. Look at the stonks you uncultured swine!”

    -a super smart economist, probably

    • Transporter Room 3@startrek.website
      15·
      11 months ago

      I had someone try to tell me that the economy is better than ever, people are more rich than ever, and my “personal anecdotal evidence” can be completely dismissed.

      It’s no longer “personal anecdotal evidence” when 150,000,000 people are experiencing the same thing just in my own country.

      • fosforus@sopuli.xyz
        1·
        11 months ago

        when 150,000,000 people are experiencing the same thing just in my own country.

        No they’re not.

      • the post of tom joad@sh.itjust.works
        2·
        11 months ago

        So what you kinda tried to say without saying just now was that your data refutes my point. Before i waste time playing with you on a topic i felt done with yesterday im gonna make you commit more. Is that what you are saying? That your data, february 23 to today wage growth vs inflation, refutes the points ive made yesterday about massaged data being used to misrepresent reality? And this data shows me that the increased actual cost of living has been for 10 months outstripped by wage increases for Americans across the board? I need to know what you mean, precisely.