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re: So did the fed really fix inflation or did the supply chain problem etc just fade out
Posted on 2/5/24 at 12:10 am to imjustafatkid
Posted on 2/5/24 at 12:10 am to imjustafatkid
The last time the US had negative inflation, or deflation, where consumer prices decrease, was 2007-2008. That time is known as the Great Recession. We don’t want to go back to that kind of economy.
1
Posted on 2/5/24 at 11:56 am to jrbjr
quote:
The last time the US had negative inflation, or deflation, where consumer prices decrease, was 2007-2008. That time is known as the Great Recession. We don’t want to go back to that kind of economy.
Except in this case, we do want deflation. The hyperinflation we've seen since COVID must retract.
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