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3 months agoRoger, at Cornell University they have an incredible piece of scientific equipment known as the tunneling electron microscope. Now, this microscope is so powerful that by firing electrons you can actually see images of the atom, the infinitesimally minute building blocks of our universe. Roger, if I were using that microscope right now… I still wouldn’t be able to locate my interest in [Intuit’s] problem.
Inflation is like acceleration, prices are like speed. If you’re in a space ship moving at a fixed speed, you are* moving* in a direction. Acceleration means your speed is increasing. You’re moving in a direction, faster than before. If you stop accelerating, you’re still moving and you keep all the speed you gained from when you were accelerating. The only way to slow down is to decelerate-- put energy into moving the opposite direction. That would be equivalent to deflation, which has historically been very bad for the economy.