Well, the interest rates are now higher than the inflation rate. The goal (communicated by the Fed) was to stop inflation. It trends downwards for 11 months now. The only reason to continue with interest hikes in their opinion should be if the inflation in fall ist still between 3 and 4%.
-Periods of technological stagnation, societal dysfunction, the need for resiliency over efficiency, war, and scarce natural resources tend to all contribute to the experience of inflation due to their negative affects on the supply of goods and services. On the other hand, periods of technological improvements, labor specialization, the sacrifice of resiliency for efficiency, geopolitical and civic peace, and abundant natural resources tend to all contribute to the experience of disinflation due to their positive affects on the supply of goods and services
Weird. Wasn’t the technical advancement of the 60s/70s higher than in the last 20 years (2000-2020)? Although back then inflation was much higher than now?
So this detail in the article is bullshit?
And what about technological advancement?