Sep

13

When will pseudo economists and foolish people at the Fed realize that low inflation is good as it increases the stock of wealth that individuals have, and stop trying to increase inflation on the absurd idea that the higher the rate of inflation the lower the rare of unemployment.


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2 Comments so far

  1. moshe liber on September 15, 2017 11:40 am

    people - and fed no exception - usually want some thing different from what they have….

  2. A K on September 20, 2017 4:35 pm

    I think that that is exactly the point. If the Fed can erode peoples’ wealth over time with higher inflation, it will encourage people to spend money ‘today’ as opposed to ‘tomorrow’ when their purchasing power either in terms of the cash they hold, the cost of the desired asset, or both, has decreased. Sinister? Yes. Effective? Debatable.

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