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Posted on 3/19/24 at 2:05 pm to TheDude854
quote:
Maybe it’ll spark a discussion about why the Fed wants to diminish the dollar’s value in the first place.
Among other things, to encourage sustainable economic activity.
Do you think the value of a dollar should remain static over time?
Posted on 3/19/24 at 2:42 pm to TheDude854
quote:
Teach them that the Fed’s target is 2% inflation. Maybe it’ll spark a discussion about why the Fed wants to diminish the dollar’s value in the first place.
Then teach them about deflation and how well that has worked in US history. 2% inflation YOY is a good target.
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