I’ve read that many banks want a certain level of inflation and I don’t really see why. Why is important to banks that a stable product costs more tomorrow than today?
Is it to make people spend their money more since storing it will eventually make is worth less?
In: Economics
Grateful you asked this question, had the same thought earlier after seeing a NYT headline. Interesting that inflation is good, but wages have stagnated for so long. The rich get richer and the poor loose everything.
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