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by dlp211
1766 days ago
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There is no such thing as asset inflation. If the price of assets is going up, then they are going up. It sucks that housing is considered an asset (it shouldn't, it should be a consumable) but that is the long and short of it. And you can't have an average 2% inflation target and underperform that target for a decade+, then complain when there is inflation above 2%(which is transitory and caused by simultaneous demand and supply shocks due to covid). |
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