Economics

“I think if people were used to a world of 4% inflation and that was the norm they would not be especially unhappy about it,” he said……

@giu warned us

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Be specific.     

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You are correct, this is the big thing today, but I also think 4pa would annoy people, prices 3x every 28 years, every generation

Ultimately, this crackpot idea will disappear when things finish off getting back to normal

Nobody is mad about 4% annual inflation

They’re mad about the 30% total price increase since covid. They drive by a burger king and it says whopper $8.49 and they feel robbed

I'm wondering if this is this 'crack' that changes things in higher ed. How would 4% inflation affect these institutions? 

Marc says about higher ed, "these places are not as fiscally stable as they seem from the outside."

Unis have quite easily been raising prices by more than 4pa for quite some time. Higher inflation is good for government spending, because it erodes the real value of borrowed money, ie the government debt. Banks, and anyone else who lends money, would hate higher inflation

I'm wondering if this is this 'crack' that changes things in higher ed. How would 4% inflation affect these institutions? 

Marc says about higher ed, "these places are not as fiscally stable as they seem from the outside."

https://www.youtube.com/watch?v=7J2_G4oHRQ0&pp=ygUZbWFyYyBhbmRyZWVzZW4gaGlnaGVyIGVuZA%3D%3D

How dare the plebes dislike the evaporation of their wealth