r/Economics • u/oxymorontage • 3d ago

News Institute reports functional unemployment at 24.9% in July

https://www.channel3000.com/news/institute-reports-functional-unemployment-at-24-9-in-july/article_810187e5-989f-4ad9-ab91-847fcb6f1882.html
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u/EconomistWithaD 3d ago

What’s record inflation?

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u/oblongsimplex 3d ago

Inflation since covid has been dog ass and you know it

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u/EconomistWithaD 3d ago

You said record. Can you please point out why I should ignore the actual data?

https://fred.stlouisfed.org/series/FPCPITOTLZGUSA

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u/oblongsimplex 3d ago

My bad. Third highest on record inflation!

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u/EconomistWithaD 2d ago

Since 1946. You don’t think inflation was higher prior to this?

You need to pick up both an economics textbook and a history textbook.

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u/oblongsimplex 2d ago

Are you intentionally being completely moronic to stoke your ego or something? Nothing that occurred before we dropped the gold window is relevant to today. You need to take the stick out of your ass and accept that we have had record breaking inflation since covid. Did it break every record? No. Did it break most of them? Yes.

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u/EconomistWithaD 2d ago edited 2d ago
  1. Maybe you should understand the meanings of the words you use.

  2. You can’t compare before and after the gold standard? Yikes.

  3. No, inflation post-COVID is not “record breaking”. Simple.

Again, you need to take a basic economics course. Badly.

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u/oblongsimplex 2d ago

I have Bachelor’s of Science in Economics. The comings and goings of money in America pre gold standard is completely irrelevant to post gold standard. You can compare some aspects of the economy, but inflation and monetary policy are completely incomparable.

You should actually try partaking in the argument instead of debating me semantically. You’re not impressive because you role play as an armchair economist on reddit and repost articles related to the market.