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A positive inflation target is a de facto commitment to endless growth and consequent environmental destruction. It’s grossly irresponsible.
by michaelhoney 3y ago
A positive inflation target is a de facto commitment to endless growth and consequent environmental destruction. It’s grossly irresponsible.
- tmn 3y agoIt’s not really clear the growth has to come in physical (unsustainable forms). The growth can be ephemeral as the currency inflates. I’m not arguing this is what is actually occurring.
- eulgro 3y agoIf it's decoupling you're talking about it has never been proven to occur on a global scale.
- mitthrowaway2 3y agoInflation is just prices, not production, and not GDP. Inflation can happen with declining energy consumption and declining industrial production, and in fact, very likely would.
- rcxdude 3y agoAll a positive inflation indicates is endless growth of numbers in bank accounts. The actual economic and industrial activity can grow or shrink completely independently of it (and a lot of a central bank's job is trying to make sure that those are separate: that money supply matches the size of the economy)