Fed Says Inflation Progress Has Stalled, Extends Wait-and-See Stance

Re:Fed Says Inflation Progress Has Stalled, Extends Wait-and... by chasd00 on Wednesday May 01, 2024 @04:33PM (#40228999)

also, it's easier to fight inflation because you can always increase the interest rate. With deflation once you reach zero there isn't anywhere realistically else to go. Negative interest rate have happened momentarily but it's not like the US fed can realistically set the rate to -1%

In the depths of the financial crisis in 2008/9 I remember Bernanke saying he would fly helicopters and drop bags of money if it came to that in order to fight deflation taking hold.

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Re:Fed Says Inflation Progress Has Stalled, Extends Wait-and... by Glacia on Wednesday May 01, 2024 @04:54PM (#40229285)

>With deflation once you reach zero there isn't anywhere realistically else to go.

Huh? just literally print more money.

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Re:Fed Says Inflation Progress Has Stalled, Extends Wait-and... by chasd00 on Wednesday May 01, 2024 @05:54PM (#40230003)

That’s what a zero interest rate is, money for free.

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Re:Fed Says Inflation Progress Has Stalled, Extends Wait-and... by imtringued on Wednesday May 01, 2024 @05:15PM (#40229543)

Universal basic income or helicopter money is deeply unpopular. That money will not end up in the hands of those who need it.

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Re:Fed Says Inflation Progress Has Stalled, Extends Wait-and... by Glacia on Wednesday May 01, 2024 @05:26PM (#40229704)

You dont need "helicopter money". Just create money and spend it on something. Build roads, rails, tanks, whatever.

>That money will not end up in the hands of those who need it.

Yes, but it's irrelevant for this discussion.

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Re:Fed Says Inflation Progress Has Stalled, Extends Wait-and... by tharga8616 on Sunday May 05, 2024 @06:02AM (#40263576)

Lol, UBI is precisely money directly onto the people's hands. Haven't you heard of GiveDirecly NGO?

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