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My 2 cents on low inflation: - Inflation gets 'exported' along with production to countries with lower manufacturing costs (because globalization). So no infla
by samsonradu 7y ago
My 2 cents on low inflation:
- Inflation gets 'exported' along with production to countries with lower manufacturing costs (because globalization). So no inflation but no working class either, resulting in income inequality - a problem of its own.
- Depending on jurisdiction, inflation should include or adjust the weight of house prices (Eurozone), education costs, medical costs. These are goods that cannot be outsourced, hence they reflect higher inflation.
- Shrinkflation - https://www.economicshelp.org/blog/24369/inflation/shrinkflation/ https://www.economicshelp.org/blog/24369/inflation/shrinkfla...