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
In this episode, Mark Hall and Dr. Walter Kemmsies discuss Mergers and Acquisitions (M&A) in the auto industry. Automakers are driven by various factors...
In this episode, Mark Hall and Dr. Walter Kemmsies discuss: Seven questions we should be asking about the Trump’s Tariffs. 1. What will Trump...
Did you know that when the Apollo mission went to the moon, they had less technology on board than we have in a handheld...