usernamesAreTricky@lemmy.ml to politics @lemmy.world · 21 hours agoInflation falls to 2.4%, lowest in three yearswww.axios.comexternal-linkmessage-square50fedilinkarrow-up1263arrow-down17
arrow-up1256arrow-down1external-linkInflation falls to 2.4%, lowest in three yearswww.axios.comusernamesAreTricky@lemmy.ml to politics @lemmy.world · 21 hours agomessage-square50fedilink
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up2·8 hours agoAgreed. I’m talking about deflation though. The debts you acquire balloon in size, even without interest, during deflation.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·7 hours agoI don’t think we do agree. As you can see in the chart, our debts have been ballooning under inflation.
minus-squaredrphungky@lemmy.worldlinkfedilinkEnglisharrow-up1·7 minutes agoThat’s total debt, he’s talking about individual debt. Deflation is bad. This is not really up for debate. 2% inflation is a fine target and worked well for decades.
Agreed. I’m talking about deflation though. The debts you acquire balloon in size, even without interest, during deflation.
I don’t think we do agree. As you can see in the chart, our debts have been ballooning under inflation.
That’s total debt, he’s talking about individual debt. Deflation is bad. This is not really up for debate. 2% inflation is a fine target and worked well for decades.