Why the 2% Inflation Target? (2023)

Re:Why the 2% Inflation Target? (2023) by tasuki on Sunday March 24, 2024 @06:20AM (#39806199)

I believe that's what they'd say but they actually wouldn't want to do that.

Do you know the size of houses in 1960s and how many people lived in how much space? Today people are priced out of the housing market because everyone expects opulent luxury.

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Re:Why the 2% Inflation Target? (2023) by carlosjobim on Sunday March 24, 2024 @07:18AM (#39806461)

No, that's not true. And I don't think you really believe that yourself either. It's just an easy cop out to not have to think about a very serious issue that is crushing your fellow man right now.

It is the home sellers who put "opulent luxury" prices on worn down homes in need of repair. It is the sellers who renovate homes for 100 000 to increase the asking price with 500 000.

Imagine if this was the market for cars or any other goods.

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Re:Why the 2% Inflation Target? (2023) by tasuki on Monday March 25, 2024 @08:47AM (#39815637)

I guess it all depends on where/when and other specifics.

The reality is that in the fifties large families used to live packed quite tightly in a small space, and now, they... don't?

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