Re:We've Built Cities We Can't Afford
by vsareto on Saturday April 18, 2020 @02:32PM
(#22909950)
I always hear that there's inflation targets, and deflation and stagflation are both worse than inflation. In this sense, the price of things always goes up, but so should wages. I don't know if economists plan on purchasing power always going up.
[ Parent
| on HN ]
I don't think this is relevant. Prices and wages going up aren't growth. In fact, inflation represents a _devaluation_ of a unit of held currency. There's a reason everything is measured in real prices instead of nominal.