The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.
Inflation is down, but prices haven’t come down–they are just not in increasing as fast as they were. We would technically need deflation for that to happen. That said, you are absolutely right that the ‘better’ economy will get attributed to Trump and he’ll go on making messes elsewhere until he dies or leaves office.
That’s because crapitalism values profit over people, the environment or even business practices that would keep businesses open. Americans have a really hateful view of “fiduciary duty.” It’s morally/ethically bankrupt.
Inflation is down, but prices haven’t come down–they are just not in increasing as fast as they were. We would technically need deflation for that to happen. That said, you are absolutely right that the ‘better’ economy will get attributed to Trump and he’ll go on making messes elsewhere until he dies or leaves office.
Prices don’t go down in a healthy economy. Asking for deflation is just asking for a great depression.
That’s because crapitalism values profit over people, the environment or even business practices that would keep businesses open. Americans have a really hateful view of “fiduciary duty.” It’s morally/ethically bankrupt.