Re:What the world will be like in a hundred years (1922)
by slg on Thursday January 06, 2022 @01:45PM
(#29827941)
I think you are projecting a moral or political argument into my comments. That wasn't my intention. My point is that there are more powerful levers in the government than the inflation rate.
Sure, having your debt reduced by 6% or whatever is good, but the government could also easily forgive all federally owned college debt and 100% reduction is certainly better than 6%. Increasing the minimum wage is another example. That would more directly benefit that mom with 3 jobs more than inflation.
Whatever your political goals are, there is likely a much more powerful tool to accomplish them than nudging the inflation rate up or down a few percentage points.
Sure, having your debt reduced by 6% or whatever is good, but the government could also easily forgive all federally owned college debt and 100% reduction is certainly better than 6%. Increasing the minimum wage is another example. That would more directly benefit that mom with 3 jobs more than inflation.
Whatever your political goals are, there is likely a much more powerful tool to accomplish them than nudging the inflation rate up or down a few percentage points.