📚 node [[inflation]]

inflation

Attitudes towards inflation have long been seen as a dividing line between left and right. Most Keynesians saw rising prices as a small price to pay for an otherwise healthy economy, given that tackling inflation tended to require higher interest rates, which curtail investment, output, and employment over the short term

– [[Tribune Winter 2022]]

[[Neoliberals]], on the other hand, saw inflation as public enemy number one. First, rising prices eroded the real value of assets — if consumer prices are rising while house prices are stagnant, your house is worth less in real terms. Second, keeping interest rates low reduces returns from lending — important for profits in the finance sector — and low unemployment made it harder to discipline labour

– [[Tribune Winter 2022]]

The question we should therefore be asking is not ‘is inflation bad?’ The questions we should be asking are ‘which prices are rising, why are they rising, and who is bearing most of the impact

– [[Tribune Winter 2022]]

I'm really suspicious of all discussions of inflation. The ambiguities [[matt stoller]] talks about here probably shape that.

📖 stoas
⥱ context
⥅ related node [[2004 03 30 consumer price index cpi inflation calculator]]
⥅ related node [[jhana inflation]]
⥅ related node [[inflation rates and yield curve]]
⥅ related node [[pulling inflation measures together]]
⥅ related node [[what is inflation]]
⥅ related node [[hyperinflation]]
⥅ related node [[20210626163228 inflation]]
⥅ related node [[20210218215225 deflation_inflation_or_stagflation_michael_roberts]]