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by etr-strike 3099 days ago
Keep doing what you’re doing central banks! Your policies of persistent inflation have robbed us of our ability to save our wealth and accurately plan for the future. You’ve decided that devaluing our wages 2% per year is in our best interest meaning we must perpetually fight with our employers to keep our wages we fought for the previous year. Your policies of QE have driven asset prices so high we have no hope of ever owning them without becoming a debt slave. Congratulations.
2 comments
pjc50 3099 days ago
This is a very weird view on inflation, given how hard central banks have fought to bring it down to manageable levels.
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etr-strike 3099 days ago
They’ve been fighting deflation, not inflation. Asset prices need to correct and they refuse to let them. There’s a reason young people are buying so few homes.
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iak8god 3099 days ago
Over the last four decades, the slow and steady annual inflation looks very easy to plan for: http://www.inflation.eu/inflation-rates/united-states/histor...
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etr-strike 3099 days ago
You’ve lost your mind if you really believe inflation has only been roughly 2% the last decade.
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iak8god 3099 days ago
> You’ve lost your mind if you really believe inflation has only been roughly 2% the last decade.

Do you generally find that being insulting without providing evidence for, or even explaining, your position usually brings people around to your point of view?

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disnsj 3098 days ago
The op is a bit bombastic.

That being said his point is true. They printed money and that money had to increase the price of something.

If you give printed money to state employees consumer goods go up.

If you give it to banks (QE) the price of financial assets goes up. The financial bubble we’re in is huge (pray, what great increase in productivity has occurred in the last ten years that the stock market has gone up so much).

If the CPI included financial instruments (ie my retirement) this inflation would be easily spotted.

QE is maybe the most pernicious inflationary policy yet since at least the previous inflationary spending gave money to normal people but now financial oligarchs are the only ones who make money!

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