Reply to U.S. Annual Inflation rose to 6.8% in November

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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"

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[quote=Anonymous][quote=Anonymous]Don’t overhype inflation. You are trying to kill the recovery to stop a transitional symptom of it. Some sectors have fully recovered from the mid-2020 economic collapse, but others have not. The latter still have problems with their labor forces, production, scalability, supply chains, etc. We need those jobs and sectors to recover and then everything else will work itself out. [b]Job growth and business recovery are more important than inflation[/b]. [/quote]

Not true at all.  This level of inflation will halve everyone's income and wealth in as little as 5 years.  You can create all the jobs in the world, but what does it matter if everyone's buying power is now half?  All through history the Fed has been willing to eat recessions, sometimes more than 1 of them, to control inflation.  Inflation is a much more difficult problem to control than recessions.  If you don't get a handle on inflation it can spiral out of control because it is much more difficult to deal with.[/quote]

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