Can inflation actually be fixed? Is there any hope? Or will prices just gradually keep increasing?
In: 45
There are literally been decades in the past when prices dropped instead of rising. These are called slumps or depressions and are Not Good.
Inflation is bad if you’re on a fixed income. Depressions are bad for everyone who’s NOT on a fixed income.
Since it’s impossible for an economy to stay static, the usual goal for planners is for limited inflation to be the norm.
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