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gloryjulioyesterday at 6:37 PM1 replyview on HN

We can have different opinion on how much inflation is too much. But the universal consensus is that a little bit of inflation is good. It's ok if you think 2% too high. Maybe 1.25% is better.

But we cannot just dispute this basic economic model and thinking that 0 or negative inflation (which would cause the stop of investment), or no consensus(that would just cause more chaos) is better. That's just absurd


Replies

ericdyesterday at 9:44 PM

The value of the USD wasn’t monotonically inflating away for most of its history, people were mostly fine? Were those periods disastrous in some way?