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Maybe inflation is not the boggieman it is made up to be. We had much higher inflation in 80's, sometimes in double digits, and salaries outpaced inflation. B
by ClumsyPilot 4y ago
Maybe inflation is not the boggieman it is made up to be.
We had much higher inflation in 80's, sometimes in double digits, and salaries outpaced inflation.
By contrast in 2010s inflation was nearly zero and oay has declined. There is no rule in economics that says inflation should be at near-zero like it was for the past couple decades.
Additionally, you would think that the ti.e period when we had near 0% inflation would be the time to invest in long-lofe assets like solar panels and wind turbines, that take lond time to pay back. But we didn't really take advantage.
Now we can see all stocks are down as speculating with borrowed money becomes more expensive. Meanwhile those of us without access to leverage can't afford to buy assets - it is entirely possible that inflation will benefit the common man.
https://www.tuc.org.uk/news/pay-rises-have-got-weaker-every-decade-80s https://www.tuc.org.uk/news/pay-rises-have-got-weaker-every-...