Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
Biden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords.
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Prices decreased last month. Not inflation decreased...prices. Deflation happened last month.
Inflation has been tamed.
Groceries are still more than double the price than they were 5 years ago. A slight back tick isn't "tamed".
That's like saying a dog isn't trained because the total number of times it peed in the house is still high. I get why you don't like that thing that happened in the past, but the point is that it isn't happening anymore.
Lol yes it is. Go to the store and look at the prices. They are demonstrably higher than they were.
Also that was a terrible analogy.
Sounds like you didn't understand it. I'm not saying prices aren't higher than they were years ago... prices always go up long term, the target is 2% per year. That's not the question. The question is whether inflation has been tamed, meaning will prices rise wildly in the future or are we back to normal inflation rates. So going forward, will inflation be 2% like normal? Or are you claiming it will be higher?
Right now you're not even answering the question you're just saying it was higher in the past, which isn't relevant to whether it is tamed now.
Good lord.
No I don't think that there will be another huge swing because no one would buy things.
Having inflation just slowed down instead of reversing it is not tamed.
Pedantic mother fucker.