The Targeted Rate of Inflation Should be Zero
It appears to me there is zero value to inflationary policy. I understand why a business would wish to increase prices as they become more desirable as a result of the success of their product. However, to artificially induce inflation is a terrible idea.
Inflation erodes purchasing power:
As prices rise, the same amount of money buys fewer goods and services, reducing the real value of income and savings.
High and volatile inflation makes it difficult for businesses and consumers to make informed decisions about spending and investment.
People on fixed incomes, like retirees with pensions, lose their accustomed quality of life if their income does not keep pace with inflation.
Why not let the market decide what things cost based on supply and demand?
This idea that there is some ideal stated rate of inflation that should be achieved through money supply manipulation by the federal reserve is absurd. The ideal rate of inflation is zero.
Leave us alone to be peaceful and free Americans who do not need to constantly work harder only to live the same lives we previously led.
-Zac
Photo: Lynn Barr 2025
