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Inflation is only coming down because of the things we are doing, insists government that claimed there was nothing they could do to influence inflation when it was going up (newsthump.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 2 years ago (5 children)

Don't pretty much all economists recommend some level of inflation? Not as high as we are experiencing now, but not nothing like you're suggesting.

[–] [email protected] 8 points 2 years ago

Economists that back an economy built on permanent expanding debt

[–] [email protected] 7 points 2 years ago

That might work if wages increased with inflation, but they haven't since I left uni 15 years ago.

[–] [email protected] 6 points 2 years ago

Yes because those economists own stocks, which naturally go up when inflation happens. These fools literally hopped onto the status quo bandwagon and I resent them for it

[–] [email protected] 4 points 2 years ago

Yes, but the point is that once inflation gets back to ~2% (the bank of England's target) the problem is not solved, everyone is still effectively poorer except the rich, it's just not getting worse

[–] [email protected] 3 points 2 years ago

Yes, but food inflation has been so high we can probably handle some limited deflation there. It's also not like someone is going to put off buying some bananas because they think they'll be cheaper next week.