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> There is a reason the target inflation is at ~2% almost everywhere. We need inflation to keep the economy going. Inflation is completly based on politics and
by ballofrubber 6y ago
> There is a reason the target inflation is at ~2% almost everywhere. We need inflation to keep the economy going.
Inflation is completly based on politics and it's as much an experiment as central banking is. It works until it doesn't. Also it's incredibly hard to truly calculate.
Deflation is the best thing for employees. Imaging having the leverage in contract renegotiation. "They" don't want you to want inflation.
- beaner 6y agoStability rather than inflation or deflation is probably the best. Inflation being good is a myth that was made popular by the fact that it gives the government and banks power, so economists who promote inflation are themselves promoted and selected by people in power. It is now so prevalent an idea that few question it.