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Politics : Left Wing Democratic Porch

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To: Rarebird who wrote (1972)	3/30/2024 10:52:08 AM
From: koan	Read Replies (1) of 2202

I posted it was the Guardian, here it is. ‘Biden bump is real’: president gains on Trump in six battleground states \| US elections 2024 \| The Guardian People are often ignorant about economics and the economy. The US economy is "booming" right now and people are more positive about it. The GDP and job growth is through the roof, as is the stock market. 3.2% inflation is great compared to the rest of the world! Do you want perfection which is 1% lower. We are only 1% above ideal, and if you look at the rest of the world, we are doing great. It is not good to have no inflation. "What is the ideal rate of inflation?If both too much and too little inflation can both lead to negative conditions, what is the ideal level of inflation? It depends. Individual countries will each have their own unique targets based upon their specific economic circumstances. That said, the United States Federal Reserve has a long-standing target of two percent (2%) inflation per year, which it has determined is the rate that best attains the policy's main goals of maintaining consumer price stability and maximizing employment.

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