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>Anyway this is all a tangent with nothing to do with the original post. But it is lots of fun to talk about - since when do we have to let the topic constrain
by danieltillett 10y ago
>Anyway this is all a tangent with nothing to do with the original post.
But it is lots of fun to talk about - since when do we have to let the topic constrain the conversation :)
On the topic of inflation there is so much money sloshing around that it is really hard to know what will happen. It really is unprecedented so we can’t rely on the past to be a good predictor of what will happen in the future.
- api 10y agoI'll say this on inflation: housing, tuition, health care, and several other things are insanely expensive relative to wages and the rest of the economy. You can't have a market with no buyers. Two possible outcomes: (1) these deflate until they are reasonable, and (2) the rest of the economy inflates until these are reasonable. Given the amount of money sloshing around and the stickiness of esp. real estate prices, (2) may be more likely. My kids may know a country where everyone makes six figures and a starter house is... well... still $750k. Of course central banks and governments are not as dumb as people think. This is likely the intended outcome.