The article discusses the pervasive issue of inflation in the modern economy, highlighting the struggles of individuals facing rising costs. It notes that while inflation has been a consistent feature of capitalist systems, recent spikes, particularly post-COVID-19 and during geopolitical tensions, have raised questions about its causes. Corporate profits and government debt are identified as significant contributors. Furthermore, it underscores the Federal Reserve's strategy of targeting a 2% inflation rate, which challenges the notion that inflation is solely negative.
With the growth of modern capitalist systems, inflation has grown regularly, gradually eliminating the savings of normal people.
Some people are surprised to learn that the Federal Reserve of the United States doesn't want to eliminate inflation. In fact, it has a target inflation rate of 2%.
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