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(NPR)   Really old news: Inflation. Old news: Shrinkflation. New NPR-invented hotness that can be used to generate its own 1500-word article: Skimpflation   (npr.org) divider line
    More: Stupid, Statistics, Cruella de Vil, Economy, Money, Government, Quality of service, Walt Disney World Resort, tram services  
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553 clicks; posted to Business » and Main » on 26 Oct 2021 at 6:38 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



15 Comments     (+0 »)
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2021-10-26 5:05:56 PM  
You must really hate truthiness, subby.
 
2021-10-26 5:39:41 PM  
There's a perfectly cromulent word in use since the 1930s at least, the dread "deflation".
 
2021-10-26 5:40:37 PM  
Too bad Trump pissed away all those trillions giving money to his chums and chumps. The economy could really use a wee bit of growth and normalization.
 
2021-10-26 7:02:58 PM  
Skimpflastion is the destructive motivator that is going to synergize economic prosperity to modern corporatist ideal realization within today's dynamic capitalistic material wealth paradigm.

/Shoot me
 
2021-10-26 7:07:07 PM  
So give people more money, then. Or force prices down. One or the other.
 
2021-10-26 7:42:28 PM  
Your mom costs more too.  I call this skankflation.
 
2021-10-26 8:12:27 PM  
You know how your porn habit keeps getting progressively weirder and more debauched? I call that spankflation.
 
2021-10-26 8:40:41 PM  
i read this as skrimpflation and was aroused briefly.... til i saw the article.
 
2021-10-26 10:19:31 PM  

farbekrieg: i read this as skrimpflation and was aroused briefly.... til i saw the article.


encrypted-tbn0.gstatic.comView Full Size
 
2021-10-26 11:20:17 PM  

leeksfromchichis: farbekrieg: i read this as skrimpflation and was aroused briefly.... til i saw the article.

[encrypted-tbn0.gstatic.com image 554x554]


Careful posting photos like that... You may acquire powerful anemones!
 
2021-10-26 11:34:42 PM  

born_yesterday: Skimpflastion is the destructive motivator that is going to synergize economic prosperity to modern corporatist ideal realization within today's dynamic capitalistic material wealth paradigm.

/Shoot me


I disagree. Skimpflation is clearly a way to demonetize redundant infrastructure while simultaneously monetizing consumables, inducing patrons to increase expenditure at the consumables booths conveniently located just inside the ticket booth. We can further increase this by offsetting leisure areas further inside the park, thereby incentivizing increased customer flow through. And as we all know, more flow through means higher shareholder profits.

Once the lawyers come in, we can quickly pivot and claim we were attempting to improve clientele health through extended perambulation, which will buy us six months, then we'll reintroduce the tram system and add an additional fee before the suit gets to the bench, and rehire the previously downsized technicians at 2/3 the previous wage.

It's win-win-win-win.
 
2021-10-27 12:47:42 AM  
Dumb discussion.
This happens whenever wars or pandemics occur.
The finely tuned supply chin got out of whack and will have to rewhack itself.
Leave it to NPR to resort to panty twisting and terror mongering.
OMG END OF WHIRLD UNPRECEDENTED.

Give me a break.
 
2021-10-27 3:21:38 AM  
This is the other shoe hitting the floor. People, and I mean conservatives in ... oh... I guess since about 2008, were complaining that inflation was taking hold. Everyone just denied it because it was not showing up in the data. Then it became clear that inflation was happening, but it seemed more or less confined to homes, real estate, cars, luxury goods and the like. Most importantly, people did not see inflation in computers or gasoline, and were willing to just wave away higher food prices, etc.

Well, now food is up. Gasoline is up. Computers are up. And all the other stuff has continued to go up. Inflation is not just anecdotal anymore. It is undeniable.

But it still does not seem to be showing up in the data, so NPR trots out a theory. The "basket of goods" used to compute inflation is not reflecting what people are actually spending money on, and people are resorting to consuming smaller quantities instead of paying more to consume larger quantities.

People have made it political because they don't want Biden getting blamed for it. I don't even care. Denying that inflation is not occurring and that it might get out of hand is just.... denial. And it makes reasonable policy even less likely than it is bound to be if things DO get out of hand.
 
2021-10-27 7:43:53 PM  

2fardownthread: This is the other shoe hitting the floor. People, and I mean conservatives in ... oh... I guess since about 2008, were complaining that inflation was taking hold. Everyone just denied it because it was not showing up in the data. Then it became clear that inflation was happening, but it seemed more or less confined to homes, real estate, cars, luxury goods and the like. Most importantly, people did not see inflation in computers or gasoline, and were willing to just wave away higher food prices, etc.

Well, now food is up. Gasoline is up. Computers are up. And all the other stuff has continued to go up. Inflation is not just anecdotal anymore. It is undeniable.

But it still does not seem to be showing up in the data, so NPR trots out a theory. The "basket of goods" used to compute inflation is not reflecting what people are actually spending money on, and people are resorting to consuming smaller quantities instead of paying more to consume larger quantities.

People have made it political because they don't want Biden getting blamed for it. I don't even care. Denying that inflation is not occurring and that it might get out of hand is just.... denial. And it makes reasonable policy even less likely than it is bound to be if things DO get out of hand.


Historical context is necessary.
 
2021-10-27 7:48:16 PM  
Inflation means you are going to buy that house NOW because it will be soon be 5% more expensive. Is that what we have in the USA? Or is it more the case of people barely having a pot to piss in? Compared to historical inflation rates, we have a moderate recovery in prices. That doesn't help the "OMG JIMMY CARTER 2" narrative, though. Also, supply and demand are things, too. Not every price increase is "inflation".
 
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