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by Retric
643 days ago
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1.23% is below the FED’s target, they would want it to rise to maintain healthy economic growth. 4.7% is also slightly outside the desired range but they don’t consider it a major issue during an economic crisis. In terms of an authoritative source the World Bank says moderate inflation is 15-30%. https://documents.worldbank.org/en/publication/documents-rep... |
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I'm not sure if you are being serious or not. Think it through, are you telling me you believe that 29% year over year inflation for years on end with prices doubling every 3 years -- is moderate inflation? And do you really believe after making such a ludicrous statement that the world bank is a credible authoritative source on anything?
Do you also still believe that inflation from 2021-2024 was primarily due to COVID, the war in Ukraine and supply chain issues? Do you choose to ignore, like the government and the FED that printing 80% of all the dollars ever created between 2021-2022 was not an important or more likely the primary factor driving inflation?