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
The Wall Street Journal wrote that, Ford electric vehicle owners will soon gain access to Tesla’s vast EV charging network, according to the CEOs...
In this episode, Mark Hall and Dr. Walter Kemmsies discuss the 2023 recession that never happen. Excerpt Walter: I said, I don't think there...
A recent article in the Savannah paper reported the partnership between Hyundai and Georgia Tech on hydrogen technology. Even though E.V. just got here,...