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Reply to "Let me clue you in about OWS"
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[quote=Anonymous][quote=Anonymous]Inflation of the late 70s was obviously too high. Volcker brought it down by creating a recession. Currently we're looking at inflation of something like 2%. We should be targeting 4%. A moderate rate of inflation is a good thing. I think we often forget that, and folks like yourself seem to cling to low inflation as though you have nothing else. The best economic times of the past 30 years were the years in the late-1990s when Alan Greenspan let inflation hover around 3 percent before raising interest rates and inaugurating the ensuing 10 thin years.[/quote] Do you know how you create inflation? Please explain to the group what you are really advocating. Inflation is the effect. What causes it?[/quote]
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