3 ms·
Inflation is a consequence of the conditions that permit economic growth (fractional reserve banking / currency creation, credit extension / investment / specul
by ethbr0 3y ago
Inflation is a consequence of the conditions that permit economic growth (fractional reserve banking / currency creation, credit extension / investment / speculation).
We could "solve" inflation tomorrow, but we'd also be zeroing growth.
Ergo why the usual target is a small but acceptable bit of inflation. E.g. the US Fed's 2%