135 sats \ 2 replies \ @siggy47 OP 5 Apr \ parent \ on: 3% Inflation Target Looks Like A Done Deal econ
Good point. No doubt these mainstream Keynesian economists think some inflation is good, and they're all terrified of the evil deflation bogeyman, which would amplify government debt.
if deflation so bad why don't we stay as far away from it as possible?? 2% is too close for my comfort, lets get to like 50%, much less likely to have deflation from there.
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I think they hear you and agree. They're just working up to it.
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