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Yea, but let's metaphor the boogey man issue to driving a car. When you drive, you're often avoiding collisions. Mostly passively. If you drive faster than the
by NoOneNew 5y ago
Yea, but let's metaphor the boogey man issue to driving a car. When you drive, you're often avoiding collisions. Mostly passively. If you drive faster than the car in front of you, you will crash. If you dont brake at a red light, you will crash. Most people dont crash most of the time because they respect the threat. You cant just go, "you know, I haven't crashed in 5 years. I dont have to brake at this red light." Sure, inflation issues aren't that prevalent in the past few decades. Doesn't mean you stop assuming it's not a possibility. You do things to avoid it. The longer you do that, the longer you avoid problems. You cant stop your precautions just because it's been a while, then whine why the problem reemerged.
- patrickk 5y agoI never said it’s no longer a possibility. Just that for every news event that happens, there is an immediate chorus of “inflation!!!!” no matter the circumstances. Some economists argue that there is indeed considerable inflation right now- except it’s in financial assets owned mostly by the wealthy, like the stock market trading at high P/Es, housing (inflated in multiple countries, not just the US due to easy credit). There was also a headline recently that VC investing is record high at the moment. So there’s inflation, just not in consumer staples.