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The government basket used to calculate inflation isn’t the same basket of goods pensioners buy from. If inflation were “good” then the US along with many coun
by mc32 5y ago
The government basket used to calculate inflation isn’t the same basket of goods pensioners buy from.
If inflation were “good” then the US along with many countries the word over would cause it to happen —it’s easy to do.
- dragonwriter 5y ago> if inflation were “good” then the US along with many countries the word over would cause it to happen Literally every single one of them that controls its own monetary policy (including the US) actively and deliberately does, so there's that.
- mc32 5y agoMy implication was extraordinary inflation isn’t good. The fed, since Bush/Clinton/Greenspan targeted 2-3.5% as desirable “good”. What I mean is if what we have now (which is about double the norm) were good, we would have done it a long time ago and so would have others.