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> If you look at real inflation it's been closer to 4-5% a year since 2009. No, it has not: * https://awealthofcommonsense.com/2021/01/inflation-truthers/ htt

> If you look at real inflation it's been closer to 4-5% a year since 2009. No, it has not: * https://awealthofcommonsense.com/2021/01/inflation-truthers/ https://awealthofcommonsense.com/2021/01/inflation-truthers/ Given that GDP growth has averaged 2% per year, if inflation was 4-5% that would mean the US economy was having 2-3% deflation in real terms. During the economic devastation of 2009 there was negative 0.35% inflation. Can you imagine what kind of economic apocalypse would occur with negative 2%? What you are saying makes no sense whatsoever.

dragonwriter 6y ago
> Given that GDP growth has averaged 2% per year, if inflation was 4-5% that would mean the US economy was having 2-3% deflation in real terms. Pedantic, but the that would be “contraction” not “deflation”. (Contraction = declining real output, deflation = declining nominal prices.)
eloff 6y ago
Yes, sorry my memory betrayed me. It's about 3%/year over the last 30 years according to the source. I posted a correction.