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We've been below the target inflation rate for 15 years. We haven't had CPI consistently above 2% in the US since the 1980s. I don't see how this can be a "corr
by thinkharderdev 4y ago
We've been below the target inflation rate for 15 years. We haven't had CPI consistently above 2% in the US since the 1980s. I don't see how this can be a "correction"
- listenallyall 4y agoThe 15-year average temperature of a building could easily be within a normal, safe range, but if it is currently on fire, the past 15 years don't really matter, do they?
- thinkharderdev 4y ago1. The inflation situation is not "on fire." It's bad for sure but let's not catastrophize here. 2. If a building is on fire, the goal is not to make the building a meat locker for a few months/years to "compensate" for the fire. The goal is to put the fire out and return to a normal temperature.
- listenallyall 4y ago> the goal is not to make the building a meat locker Well, you do put out fires with a CO2 file extinguisher blasting at 50 or 60 below zero. > let's not catastrophize here. Minus 2 percent inflation would be closer to the "Fed target" than the recent 7-8% we have been experiencing. The idea that many of you are trying to push, that deflation of any kind is a guaranteed financial disaster, that's the hyperbole that ought to be suppressed.