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It's not about keeping it “down”, it's about keeping it “low enough”. Which leads to understanding that there is some corridor of acceptable inflation and you h
by ilammy 5y ago
It's not about keeping it “down”, it's about keeping it “low enough”. Which leads to understanding that there is some corridor of acceptable inflation and you have some wiggle room until Zimbabwe or Venezuela levels, when it's high and the economy is “struggling” but it's not a terrible disaster. That is, there is no talking about eliminating inflation as it were universally harmful; the general understanding is that it's actually beneficial to the economy as a whole. It may be harmful to some parts of the society but you don't go admitting that publicly, saying that won't do anything about it because someone's lives are less important than the economy.