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The FED is walking a tightrope with the rest of the world right now, but it should be more afraid of it's own citizens. I know 29% inflation over 10 years is c
by rrhyne 17y ago
The FED is walking a tightrope with the rest of the world right now, but it should be more afraid of it's own citizens.
I know 29% inflation over 10 years is chafing MY hide and it's all due to the FED's policies.
- forinti 17y agoThat's about 2,6% a year. Not bad, actually.
- evgen 17y agoGiven the fact that we were eyeball-to-eyeball with some serious deflationary pressure I think that this is probably a much better alternative :) The fact that the CPI did not go up and we are actually thinking of sending "sorry there was no inflation this year to bump your COLA" checks to millions of people puts some of this into a slightly different perspective.
- tomjen2 17y agoNo, not if you don't mind loosing a lot of money, then it its okay.
- mitko 17y agoThe average inflation is even actually 2,33% per year. Take tenth root of 1,26 . But you are right, not bad.
- stuffthatmatter 17y agoI'm surprised the parent post got negative karma points. Do people think inflation is natural/necessary? It is a way for the government to tax/steal honest labor from its citizens. Are people that naive?