Quote:
Originally Posted by fdpaq0580
It amazes me how many people don't understand inflation. The only way to not have inflation is for the world to become totally stagnant. Nothing new, ever. Zero growth. Zero improvement. Tomorrow the same as today. Today same as yesterday, and the day before, as far back as forever.
Inflation is one sign of advancement or improvement. "New and improved" costs more to produce. Therefore it will cost more. Greater population means greater demand for everything. Everything will cost more. It isn't just here, it effects the whole world. It is a fact of life.
PS. And as for BK, I was never a fan. I was also creeper out by the King.
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You are talking about 1 -2% inflation being the desired rate, the higher the rates go above that is the effect of economic distortions , supply and demand issues