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A comment on Why the 2% Inflation Target? (2023). Parent comment

Re:Why the 2% Inflation Target? (2023) by PretzelPirate on Friday March 22, 2024 @07:19PM (#39795866)
> Society has become significantly wealthier, despite the absurdities of inflation and interest rates.

Are you two talking about different time scales? Individuals in the workforce get poorer as their buying power drops, but each generation lives in a wealthier society as more innovation improves life.

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Re:Why the 2% Inflation Target? (2023) by plaguuuuuu on Friday March 22, 2024 @07:35PM (#39795961)
People are demonstrably poorer, medical bankruptcies, the homeless pile up in fetid camps, but everyone has access to multiple lifetimes worth of social media content and fake AI waifus.
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