Can inflation actually be fixed? Is there any hope? Or will prices just gradually keep increasing?
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If you’re referring to short-term price spikes, as the USA recently experienced, then its possible. With the elasticity of supply and demand, prices will tend to wiggle around accordingly. Prices spike when supply bombs, and usually relax after supply returns. There’s been suspicion and examples of the most recent spikes being purely “Lets make things more expensive because we can”, but that’s another matter.
If you’re referring to the general institution of inflation, that everything (hopefully including wages) becomes more expensive over time, then the goal is actually to not fix it. Having a very moderate rate of inflation is considered healthy for an economy, with 0% inflation being considered “stagnant”, and deflation being considered dangerous
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