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Inflation rates were very low in 2015 (sometimes even slightly negative) [0], and historically have been relatively constant at around 1-5% (even during the eco
by codyb 11y ago
Inflation rates were very low in 2015 (sometimes even slightly negative) [0], and historically have been relatively constant at around 1-5% (even during the economic crisis of 2008).
Aside from extraneous years of course where it hit high teens.
So, yea, if there is a break on the US economy, it doesn't appear to be stemming from inflation.
The United States has an extremely diversified economy, plenty of natural resources, an abundance of talent, a relatively low population, incredible military strength, technological dominance in many areas, a healthy population (unlike, as pointed out, some countries which are declining in population, or about to hit cliffs where the majority of the population is above the working age), and huge geographical buffers.
Some economists say the dollar might be too strong for short term gains for the American worker, and the Fed is having trouble hitting inflation targets between 1-3%.
The private sector benefits primarily from government funding of research.
So I'm just not sure where you're basing your analysis from?
[0] - http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ http://www.usinflationcalculator.com/inflation/historical-in...