North Point of View: Some Inflation is Good

October 25, 2023 00:12:49
North Point of View: Some Inflation is Good
North Point of View
North Point of View: Some Inflation is Good

Oct 25 2023 | 00:12:49

/

Show Notes

A zero percent inflation rate may look elegant mathematically, but the mathematical model built represents no universe that any human being has ever lived in.

Back then, Milton Friedman, the Nobel laureate, said that he thinks inflation target should be two percent. He didn't say zero, and there were a lot of economic commentaries about this. If you target zero percent inflation, you're making it really, really hard for a new company to emerge and drive productivity growth through the economy and take us into the future.

In today's economy, two percent may not be the answer either. So how much inflation is good?

 

#savannah #savannahrealestate #savannahga #wsj

Other Episodes

Episode 16

July 09, 2021 00:10:00
Episode Cover

Infrastructure Spending & Economic Growth

Frick and Frack discuss infrastructure spending and the impact on economic growth in Episode 16. For more information on North Point and The Kemmsies...

Listen

Episode

July 12, 2023 00:13:21
Episode Cover

North Point of View: Circular Economy

In this episode, Mark Hall and Dr. Walter Kemmsies discuss how circular economy works. The concept of recycling, renewables and repurposing can help increase...

Listen

Episode 4

May 17, 2021 00:09:00
Episode Cover

Electrical Vehicles and their Carbon Footprint

Mark and Walter discuss electrical vehicles and their carbon footprint. What are L3 and L5 cars? Will the country actually be comfortable with cars...

Listen