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We can have different opinion on how much inflation is too much. But the universal consensus is that a little bit of inflation is good. It's ok if you think 2%
by gloryjulio 8mo ago
We can have different opinion on how much inflation is too much. But the universal consensus is that a little bit of inflation is good. It's ok if you think 2% too high. Maybe 1.25% is better.
But we cannot just dispute this basic economic model and thinking that 0 or negative inflation (which would cause the stop of investment), or no consensus(that would just cause more chaos) is better. That's just absurd
- ericd 8mo agoThe value of the USD wasn’t monotonically inflating away for most of its history, people were mostly fine? Were those periods disastrous in some way?
- b112 7mo agoYou really, really need to investigate the history of inflation. Really.
- ericd 7mo agoI have. Kind of a hobby interest of mine, actually. https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/ https://www.statista.com/statistics/1032048/value-us-dollar-... If you care to check my claim on it not monotonically decreasing in value. Look at 1776-WW1.