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> How about, don't pump metric shit-tons of money into the economy and see how that works. As far as I can tell, economists believe that pumping money into the
by bowsamic 4y ago
> How about, don't pump metric shit-tons of money into the economy and see how that works.
As far as I can tell, economists believe that pumping money into the economy only explains hyper inflation, not low or moderate inflation
- wronglyprepaid 4y agoWell they surely are doing a stellar job running shit into the ground, so I guess they clearly know what they are doing.
- bowsamic 4y agoActually I think they are generally doing a pretty good job at keeping the inflation within a reasonable range, compared to other historic failures
- chasd00 4y agoCorrect me if I’m wrong but inflation has done nothing but go up (at least in the US). If they’re keeping it in a range then that range has no upper bound.
- bowsamic 4y agoYes you are wrong, look at the graph here https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi https://www.macrotrends.net/countries/USA/united-states/infl... Inflation in the US has been pretty stable for the last few decades
- wronglyprepaid 4y agoI'm pretty sure people are mostly upset with the current inflation level, not the inflation level back when it was low. But I guess those people should just be grateful it was not higher before, and just be less greedy.
- sokoloff 4y agoIf that’s the case, why do they adjust lending (mostly rates) in order to try to hit a moderate inflation target? Surely, they must believe there’s a linkage.