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

Re:Why the 2% Inflation Target? (2023) by tsimionescu on Saturday March 23, 2024 @02:02AM (#39797812)
That's still inflation. It doesn't matter why the prices went up, it matters that they did.
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Re:Why the 2% Inflation Target? (2023) by Aloisius on Saturday March 23, 2024 @02:39PM (#39802139)
Yes, but a summer of minimum wage today would be enough to pay for tuition at UCSD had funding been maintained at prior levels.

Notably, minimum wage in California has increased faster than inflation since 1984.

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Re:Why the 2% Inflation Target? (2023) by tsimionescu on Saturday March 23, 2024 @02:43PM (#39802170)
Sure, it maybe would, but it isn't. That people are poorer than they were is still true.
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