3 ms·
>But central bankers think about it on a daily basis. Yes, and it is them we have to thank for the massive inflation too. So either they want the highest infla
by yucky 4y ago
>But central bankers think about it on a daily basis.
Yes, and it is them we have to thank for the massive inflation too. So either they want the highest inflation in 40 years, or they are inept.
- notahacker 4y agoIt's also them you have to thank for 40 years of not having massive inflation, which was a pretty regular thing in earlier times. (And yes, they absolutely do prefer the high inflation outcome from a fuel supply shock following a COVID shock to the raise interest rates and crash the global economy like 2008 outcome. That much is a policy choice)
- yucky 4y agoWhy does middle class wealth destroying inflation go hand in hand with fractional reserve banking?
- notahacker 4y agoIt doesn't. Developed countries had more periods of 9% inflation in metallic standard eras and the middle classes have long avoided holding the majority of their wealth as cash.