• Maggoty@lemmy.world
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    1 year ago

    Hey NBC, an economy that’s not providing the basic necessities for working families is not a strong economy. No matter what the pretty graph says.

    • 1847953620@lemmy.world
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      1 year ago

      iT’s NoT a ReCeSsIoN (because we don’t like you having a word to call it, so we’re the ones who get to redefine it however we wish)

      • EatATaco@lemm.ee
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        1 year ago

        The definition wasn’t redefined. You just always heard the rule of thumb and thought that was actually the definition. Like, let’s be honest here, have you ever even taken an economics class outside of HS? When you learned how it’s actually determined, instead of thinking “I’ve learned some nuance and I will incorporate this into my future conclusions” you rejected it and concocted some conspiracy to explain it.

      • Maggoty@lemmy.world
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        1 year ago

        Not if it keeps going like this. The rich will find out really quickly that they have nothing more than funny bits of colored paper and a gentleman’s agreement with a Bank’s internet server. Strong economies start from the bottom up and die from the bottom up. Catering to the top has always been a recipe for disaster.