3 ms·
As someone who lived through both 1979 (14% inflation) and 2008 (fear of a deflationary collapse), I'll take 2% inflation any day. If you can't see that that's
by AnimalMuppet 2y ago
As someone who lived through both 1979 (14% inflation) and 2008 (fear of a deflationary collapse), I'll take 2% inflation any day. If you can't see that that's the least-bad option, I don't know what to tell you.
Yeah, if I don't invest my money that grows in value, it will lose half its value in 35 years. Yes, that's not ideal. No, it's not the catastrophe that you're making it sound.
- chiefalchemist 2y agoYou'll take it? You / we have no choice. But that's not what's being discussed. The discussion is about the financial / economic system and a shrinking / deflationary run. It would be a disaster. How could it be otherwise? If the system's fuel is up, not down. Another way to look at it is this: we've gotten all kinds of technology. We've seen efficiency and productivity improve. And yet, prices keep increasing. Efficiency and productivity should mean dropping prices, at best break even. And yet no? There's a reason for that. That is, assets losing value will lead to the house of cards collapsing. Groupthink to the contrary is just head in the sand naivete.