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From the Archive: How Inflation Works
Ones and Tooze
Is Inflation a Bad Thing?
i get that people don't like higher prices, but if it all gets worked out in the end, that people eventually get more money in their pay checks, i mean, it gets harder to see t problem. Many serious economists, and i would support this position, tho before the crisis, that we should really be aiming, not for a symmetrical two % target, but wld just flat out for a four% inflation target. And that would actually be healthy. Certainly it will be far better than the opposite, which is risking lowflation, or even sliding into deflation when the tables are turned.
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