hncensorship69

Of course your comment is being downvoted. Hackernews is an echo-chamber of Trump haters. I'm only here for the cope today.

I think we both learned from COVID that shoving links back and forth on the internet does nothing to change someone's mind.

> It's not in any doubt that CO2 is a major problem leading to climate catastrophes

There's actually a lot of doubt regarding that

> but humanity is reducing the number of trees, so that's not really going to help matters.

Sure, so if the CO2 nuts were really serious about helping the planet they'd be organizing to plant massive amounts of trees. Not standing in the middle of highways yelling at people.

1. Many of those economic events were due to many factors, deflation not being one of them

2. Nearly all of them were relatively minor and recovered on their own

3. Now make a list of all the economic disasters that have happened under fiat money / central bank / pro-inflation policies.

Ideally the economy oscillates between periods of low inflation and low deflation. This would reflect natural business cycles.

Deflation is not bad and is in fact good for savers. Moreover, deflation encourages less consumption which is good for the planet. I see you've been brainwashed into thinking the government needs to steal 2% of your wealth every year lest the economy will blowup.

I don't understand why this is being downvoted. I'm surprised that people on this site could have lived through covid and still trust anything that comes out of government.

The government has always been incentivized to make inflation numbers lower than they are. There have been numerous changes to CPI methodology, many in just the last few years. Hedonistic adjustments are questionable at best.

Moreover: inflation is a gradient, not a singular vector. You will experience inflation differently depending on where you are in that gradient. Reporting a single number for inflation is about as useful as reporting a single number for the temperature of the planet.

Perhaps. A turning point is not the same as "over" though.

Um...inflation is still over 3%. That's using bogus government computed CPI. Well in excess of the 2% target.

Since the fed moved to an average inflation target, shouldn't the fed be targeting sub-2%?