Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by Podgajski on Thursday October 26, 2023 @01:42PM
(#38029056)
“The FOMC judges that low and stable inflation at the rate of 2 percent per year, as measured by the annual change in the price index for personal consumption expenditures, is most consistent with achievement of both parts of the dual mandate.”
https://www.federalreserve.gov/monetarypolicy/monetary-polic...
“Over time, growth in GDP causes inflation, which if left unchecked, runs the risk of morphing into hyperinflation. Most economists today agree that a small amount of inflation, about 2% a year, is more beneficial than detrimental to the economy.”
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by kjfdslakj on Thursday October 26, 2023 @04:22PM
(#38031227)
That still doesn't make your point. Are you saying that annual GDP growth of 4.9% is the type of rampant growth that causes inflation based on... an article on a dodgy website?
Because, it looks like you're saying all GDP growth causes hyperinflation based on an article on a dodgy website.
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by Podgajski on Thursday October 26, 2023 @04:46PM
(#38031471)
No, I’m saying inflation with high GDP is never good. You can do the research on your own if you want. Is Forbes a dodgy website?
https://www.forbes.com/sites/billconerly/2019/05/01/does-eco...
None of that says too much GDP growth by itself means higher rates.