Econ question: Time to raise interest rates?
- Thread starter cam_blev
- Start date
Not really. It is, and has been, time to balance our budget and start paying down our debt. Instead we are racing to $1 trillion dollar deficits in year 11 of a recovery. :joy::joy::joy::joy:
Depends on who you ask. Most gov statistics put it around 2% but others will say more likely around 6-7% yearly. They also try to use GDP numbers to offset these things but the reported GDP numbers are far most likely inflated also. So some where between "GDP is 2% higher than inflation year over year" to "USD is losing about 6% buying power per year".
The government comes up new ways to calculate inflation, gdp, etc.
Most specifically the use of CPI included in calculating the inflation rates, here are a couple of articles:
https://www.investopedia.com/articles/07/consumerpriceindex.asp
https://www.forbes.com/sites/perian...lation-dont-bother-with-the-cpi/#62bd9a63200b
https://www.businessinsider.com/if-...lation-rate-it-would-crash-the-economy-2016-8
"Unbiased private-sector efforts to calculate the real rate of inflation have yielded a rate of around 7% to 13% per year, depending on the locale — many multiples of the official rate of around 1% per year."
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Those are all from many years ago, but fairly interesting to read. I'll probably dig into them later, however it seems like little has changed with inflation, regardless of metrics, over the last decade or so. Just my $0.02, but I am FAR more concerned with deficits and overall debt.
How ya liking deficit & overall debt now ? Tell me , how's those Democrats doing for the working class ?
Just another tax on goods the lower income folks need to pay.....Says every socialist alive...
