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Yea, years of low inflation and somehow 6.2% is "inflation" during a multi-year pandemic. Up until the 90's, that was considered normal. When my parents went to
by hervature 5y ago
Yea, years of low inflation and somehow 6.2% is "inflation" during a multi-year pandemic. Up until the 90's, that was considered normal. When my parents went to the bank to buy their first house, the interest rate was double digits. 6.2% is noteworthy but pretty minor given the disruption we experienced and still are experiencing.
- willcipriano 5y agoI've said this theory here before and I used to get responses that said "Where the evidence for the inflation, CPI is 2.5%!" now I get "6.2% isn't really inflation!" soon I'll be getting "Inflation is a good thing!" if history is any guide.