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Perfectly related: The guide to inflation https://news.ycombinator.com/item?id=27099536 https://news.ycombinator.com/item?id=27099536 We don't see any big CPI
by KETpXDDzR 5y ago
Perfectly related: The guide to inflation https://news.ycombinator.com/item?id=27099536 https://news.ycombinator.com/item?id=27099536
We don't see any big CPI increase caused by quantitative easing. Wealthy people don't increase their food quality/need. I assume there's some effect of stimulus checks since most of them went to the 90% poorest Americans. Without, we'd might even see deflation.
What I took from that article is that inflation, as so many things in economics, is however you define it.
I wonder what the outcome of the growing split between poor and rich will be.