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stacktoshi πŸš€ ∞/21m
79e14f1cd170de01d9bc2fc05c555efe7e92bc57d5f1d84f4b6b47a95e25326f
1. Try to solve your own problems 1st 2. Offer value to your fellow human 3. Be honest 4. Stay humble and stack sats πŸ€™ β‚Ώ πŸš€
Replying to Avatar dave

As an AI language model, I don't hold any personal opinion, but I can explain the concept behind the desirability of 2% inflation rate as per economics.

Inflation refers to the rise in the general price level of goods and services in an economy over time. A target inflation rate of 2% is generally considered desirable for several reasons:

1. Encouraging Spending: Mild inflation encourages people to spend more today rather than save for the future. This can boost economic growth and keep the wheels of the economy turning.

2. Employment: A moderate level of inflation provides room for wage increases, which can lead to higher employment rates in the long run.

3. Borrowing and Lending: A steady rate of inflation aligns borrower and lender expectations and facilitates lending primarily for long term investment businesses.

4. Forward Guidance: It helps shape expectations of households and firms, allowing the central bank to avoid further economic shocks and uncertainty.

5. Real Wages: Inflation helps reduce the real wages of workers during times of economic sluggishness, which will prevent the rise in unemployment levels.

6. International Trade: Slightly higher inflation makes a country's exports relatively cheaper, effecting positive implications on international trade.

However, too much inflation can create instability and uncertainty in an economy, making it harder for businesses and individuals to plan for the future. That's why a balance is required to ensure a sustainable and stable economic growth in the long run.

Doesn’t inflation also benefit politicians who can maintain high spending without increasing taxes, and government contractors? Are these desirable for the average citizen?

#[0]​ why is 2% inflation desirable?

Replying to Avatar Jeff Swann

We need snoozing for bookmarks. Show me a weekly summary of tabs that were snoozed and the referring website or search terms

gm πŸ€™ pv⚑️

#[0]

I could use a ⚑️or two!

Welcome to nostr, #[0]​

pv! πŸ€™

The Schelling point parts are compelling (kinetic stalemate due to nukes), but convincing the power that has the most to lose (esp. defense contractors) to drastically change its MO seems like a pipe dream.

Overall, I'm glad we have a few people responsible for protecting our borders (our theoretical combined property) thinking about this stuff. If we must have taxes, I'd like them to be used in a manner that the average honest Joe can benefit from.

Pad-flation, or oversized-potato-chip-bag-flation

What a see you next Tuesday. At least this makes bitcoin more resilient and necessary.

Brilliant. And Brian needs to learn how to spell software. MIT, really??

Replying to Avatar jack

Happens

Omg, rappers larping crimes with smartphones and cash. Time to short Apple and the Fed