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Inflation erased U.S. income gains last year

(www.wsj.com)
177 points JumpCrisscross | 1 comments | 09 Sep 25 19:44 UTC | HN request time: 0s | source
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argentinian ◴[09 Sep 25 22:18 UTC] No.45190101[source]▶
Do people in the U.S. have a good understanding of the causes of inflation?
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OgsyedIE ◴[09 Sep 25 22:26 UTC] No.45190196[source]▶
Not even most economists do, by analogy to how opaque the questions of lifting bodies and rayleigh scattering are to physicists.
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1. taneq ◴[10 Sep 25 01:32 UTC] No.45191975[source]▶
The money goes faster on the top side of the wing, which means the money underneath the wing is more compressed, lifting up both sides of the wing. This is known as the "trickle-down" theory of lift.