Absolute, pure, bullshit.
Inflation is ONLY monetary debasement.
Powell is talking about prices of goods going up as if that is the definition of inflation.
How is 2% THEFT good for people? Why not 3%? Or 10%? Wouldn’t more be better for the people?
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Because at 2% they can hide the fact that they are stealing from people. At 10% people would tell them to eff off.
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