Inflation is good, at the right time, and in moderate amounts. Like adding just a smidge during a recession when there's a lot of people in debt. Knowing that prices will rise, some consumers and businesses are prodded to crack open their pocketbooks. The value of debts drop, easing the burden on strapped borrowers. Having used up a lot of options already, the Fed could slightly raise its inflation target and let prices slowly rise over the next few years, but they're unlikely to announce anything remotely close to that in their meeting this week. Namely because people really really really hate inflation. Why is that?
More »
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
Inflation is when the Federal Reserve prints more money. It inflates the currency supply.
It is a real matter of fact.
Our money has already been inflated. That means every dollar you and I have is worth a little bit less.
Since the Fed was created, our currency has lost 95% of its value
Why do they "really really hate it"? Because prices rise but wages don't.
Post a Comment