Sorry to cut in. This debate made me wonder whether the Feds' inflation target is orthodox economists' idea of a positive-sum game. (Let's assume for the sake o

Sorry to cut in. This debate made me wonder whether the Feds' inflation target is orthodox economists' idea of a positive-sum game. (Let's assume for the sake of curiosity that political-economists don't yet know about the second Law of thermodynamics, AND that exogenous factors like Fords/Jobs are highly unlikely-- see Paul Romer https://en.wikipedia.org/wiki/Endogenous_growth_theory#Versus_exogenous_growth_theory https://en.wikipedia.org/wiki/Endogenous_growth_theory#Versu... ) Consider that UBI (or wage increases) can be either inflationary or deflationary, contingent on implementation. Although commenters tend to assume one or the other. Consider also that Japan is moving into an inflationary regime (whether premeditated or not, we will soon have data with which to compare JP, PRC _and_ ROC, the last one to be taken as a continuation of Abenomics)