2 ms·
This is pseudoscientific crap. America had some long periods of deflation prior to the creation of the Fed (e.g. 1870s/1880s) and still experienced higher rates
by logicchains 6y ago
This is pseudoscientific crap. America had some long periods of deflation prior to the creation of the Fed (e.g. 1870s/1880s) and still experienced higher rates of growth than it does now.
There's basically no empirical evidence that central banking leads to higher economic growth or greater stability, just some simplified pseudo-mathematical models that ignore a bunch of factors.
- colinmhayes 6y agoI just want everyone to know that the vast majority of economists(99%+) believe that inflation is an integral part of our economy. You can disagree with all of them, but everyone should know that the experts disagree with you.