| Quoting: "The idea that 2% inflation is good for the economy..." Two goods (A and B) both were aviable for US$100 in 2019. First A: 2020 inflation added +1.4% so good A cost $101.40
2021 added another +6.8% so good A now aviable for $108.30
2022 adds um ~8% A now costs $117,-
2023 added another ~3.6% buy good A now for $121,- (!!!) Wow! Some may think, the price is up 20% Now take good B everyear inflation adds +2 so good B costs also $100,-
[Liste:]
2020 = $102,-
2021 = $104,-
2022 = $106.10
2023 = $108.24 "quoting": "Government selling an idea to raise spending -cos inflation is a way to raise taxes without raising taxes." ...or -marketing-(crossed) to sell stability over "Control" ? now that became political...(wayback) hint: //wiki/Starve_the_beast "Starve the beast" is a political strategy employed by American conservatives to limit government spending by cutting taxes. Economist Paul Krugman summarized: "Rather than proposing unpopular spending cuts, Republicans would push through popular tax cuts, with the deliberate intention of worsening the government's fiscal position. Spending cuts could then be sold as a necessity rather than a choice, the only way to eliminate an unsustainable budget deficit. regards... |