"The Flawed Logic Of Inflation"
October 31, 2016
I don't know whether the author's argument is correct--it's macro, after all--but this assertion is quite true:
Why do the Federal Reserve and many economists want more inflation? Based on commonly held perspectives among economists and commentators in the financial media, one would think that inflation was something vital to the proper functioning of our economy. Long forgotten, though only a short time ago, inflation as seen in the 1970s and 1980s, was enemy #1 of the U.S. economy.