Hacker Read

remote_phone · 2020-01-14 15:54:58+00:00

This is an absurd statement. It has no basis in reality and inflation even in the 20% range is problematic. 50% inflation causes a lot of problems.

Scoundreller | karma 16473 | avg karma 1.92 · | 2019-03-06 14:09:17+00:00

Inflation says otherwise.

henvic | karma 1056 | avg karma 1.72 · | 2021-03-14 11:44:03

You definitely have no idea about what you're talking about when you say that 20% inflation should be trivially handled.

inetknght | karma 7946 | avg karma 2.72 · | 2020-03-12 17:44:59+00:00

Can someone tell me, with a straight face, how this won't cause inflation at one of the worst points to have such?

Ericson2314 | karma 7269 | avg karma 1.6 · | 2022-11-01 04:54:02

There is little evidence inflation below a huge 40% or whatever causes any serious problems.

lzw | karma 1144 | avg karma 2.31 · | 2010-09-25 12:05:12+00:00

The CPI is not inflation, it is government propaganda. Even it has shown %20 inflation in recent years if you read the report and do the math, rather than listen to the talking heads on CNN. Impossible to have monetary deflation when the money supply is expanding.

edanm | karma 10065 | avg karma 2.81 · | 2020-03-17 07:27:32+00:00

That's not the point of inflation, and I don't think that article backs what you're saying up.

monero-xmr | karma 4764 | avg karma 3.58 · | 2023-11-27 00:25:57

An alternative way to look at it, is that central banks' inflation target of 2% (and likely much larger that official statistics) means that anything that is naturally scarce goes up in value. You see this in housing, education, healthcare, and anything that can't scale like software gets ever more expensive.

IMO the inflation target should be 0%. I don't agree with arguments about artificially inflating the currency. We don't need to use psychological tricks to make people consume more. We should aim for stable prices. This would reduce the value of housing as an inflation hedge for the common man. Right now it's like a quasi-bank.

reply

patrickg_zill | karma 2822 | avg karma 1.93 · | 2017-03-20 05:13:43+00:00

What is the source of your view, that supports your pro inflation statements?

I have heard this argument before, but only get arguments from authority when I ask for actual data that shows this.

reply

oblio | karma 25694 | avg karma 2.47 · | 2023-06-25 08:33:46

This is an extreme way to look at inflation, and as far as I know, it's not backed up by studies.

pitaj | karma 4013 | avg karma 2.53 · | 2018-06-22 19:18:36+00:00

Nope. Inflation is regressive.

AlexTWithBeard | karma 2020 | avg karma 2.11 · | 2019-04-05 15:02:53+00:00

I don't think this is a good idea. High inflation makes people lose trust in the value of money and start drifting towards barter, which makes the economy slow and inefficient.

PavleMiha | karma 161 | avg karma 2.68 · | 2022-07-12 12:19:56

Sorry, I'm definitely not very familiar with macro-economics, but is your opinion that any amount of inflation is bad?

lostmsu | karma 5641 | avg karma 1.11 · | 2018-06-08 10:45:49

What's wrong with inflation?

wehadfun | karma 995 | avg karma 1.37 · | 2017-12-11 10:26:32

>isn't subject to inflation?

sounds | karma 5584 | avg karma 3.76 · | 2011-10-20 22:52:46+00:00

Or that inflation should be kept to low levels!

standardUser | karma 11242 | avg karma 3.56 · | 2022-07-27 16:23:47

I agree, but most people like to pretend inflation is only caused by increases to the money supply.

systemvoltage | karma 9933 | avg karma 2.22 · | 2021-09-26 20:07:11

I'd argue that the problem is inflation.

Retric | karma 55819 | avg karma 2.05 · | 2010-08-09 20:43:07+00:00

This is actually the economic argument for low levels of inflation.

bananapub | karma 2126 | avg karma 3.18 · | 2021-08-13 04:58:56

where is this 20% inflation conspiracy theory coming from? it seems to be particularly common among nerds who don't know anything about finance.