What the U.S. needs is 7% inflation because that will squish the debt to GDP ratio back into line over three to four years.
Now I could post a picture of a 100 trillion Zimbabwe note, or some Turkish lira or Hungarian pengo but here are a couple of pictures to show that inflation can happen in less exotic countries.
So today the U.S. has 6.2% inflation. Let’s say, at least 6.2%, because those hedonic measurements will be hacking down the headline rate as your money doesn’t seem to go anywhere near as far as it did last year and things seem to have gone up way more than the headline figure. Five years of that chops about a third off the value of money and boosts the GDP numbers, without any real growth, by about the same amount. 6% GDP growth? Wow, it’s a boom! Shame no one is better off.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
How to Talk About a Terrible Year in a Productive WayDreading holiday conversations about the events of 2021? Here are some productive tips.
Baca lebih lajut »
Thanks to the Chip Shortage, Texas Instruments Is Worth $170 BillionEven in the digital age, analog chips such as those the company makes in Texas are essential, and they are in short supply.
Baca lebih lajut »
Skip the Middleman - Women’s Media CenterOur community must retake its rightful place as the driving force behind what Latinx content prevails
Baca lebih lajut »
This is what both Suze Orman and Ramit Sethi say you should do if you’re worried about inflationWhat should you do when prices for everything are going up? Suze Orman and Ramit Sethi have advice: (via MarketWatch Picks)
Baca lebih lajut »