4 ms·
5.5% unemployment, the Fed target, isn't crushing workers. Its the natural unemployment rate. Inflation destroys wealth. Nobody will be able to retire with inf
by not_the_fda 4y ago
5.5% unemployment, the Fed target, isn't crushing workers. Its the natural unemployment rate.
Inflation destroys wealth. Nobody will be able to retire with inflation high, it erodes savings, and will force governments to cut benefits as they get too costly.
2009 - 2022 was a wild ride of free money, and we became addicted to it, but its well past time to get back to moderate interest rates, moderate unemployment, and low inflation.
- devoutsalsa 4y agoInflation erodes the value of money, but it pushes up the prices of non-cash assets.