Actually, inflation isn’t bad in itself. Too much inflation is. When you have around 2-3% inflation its actually a good thing. Which is pretty much what we have right now. The problem is when you have multiple ongoing years of like 7-9%.. it becomes rough very quickly.
Don’t know who that guy is. Don’t know what his alternative is. Basically crap post.
FINALLY A POST ABOUT ECONOMICS AND NOT US POLITICS
That goes against MMT and is simply not true. We all accepted 2% yearly inflation target as normalcy.
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Actually, inflation isn’t bad in itself. Too much inflation is. When you have around 2-3% inflation its actually a good thing. Which is pretty much what we have right now. The problem is when you have multiple ongoing years of like 7-9%.. it becomes rough very quickly.
Don’t know who that guy is. Don’t know what his alternative is. Basically crap post.
FINALLY A POST ABOUT ECONOMICS AND NOT US POLITICS
That goes against MMT and is simply not true. We all accepted 2% yearly inflation target as normalcy.
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