Imagine a friend. Let’s say he weighs 160 pounds. A month later when he visits, he’s 170 pounds. The next month, 180. Another month goes by, and 190. You get the idea. Up and up it goes, 10 pounds a month.
A while later, when he pays you his monthly visit, he has grown in size from 250 pounds to 255. Only half as much weight gain this time! Way to go, Gordo! He’s getting fat, but at a reduced rate.
Is he trimming down? No, obviously. He’s simply getting fat more slowly, that’s all. And yet:
The administration has been bragging about how pricings are plunging. That is – – let’s keep this G-rated – – simply nonsense. Prices are still climbing, just not as fast, and anyone who believes otherwise would likewise embrace their 255-pound friend and congratulate him on his new svelte self.
