44 It’s over folks. Janet Yellen has said she sees inflation returning to normal early next year without a recession. (finance.yahoo.com) posted 151 days ago by ILoveIvermectin 151 days ago by ILoveIvermectin +44 / -0 Janet Yellen to Yahoo Finance: 'I don't see the basis' for a recession Treasury Secretary Janet Yellen told Yahoo Finance she does "not see the basis" for a US recession, and she expects the Federal Reserve will hit its 2% inflation target next year. 34 comments share 34 comments share save hide report block hide replies
The "Fed Target" of 2% inflation.
People don't maff. That's the problem. They cannot understand compound interest, or compound effect.
2% inflation YOY in like 10 years makes you a pauper, and in 15 years makes you a slave.
Use small numbers. User fun sounding words (like inflating a fun balloon). Make sure no one learns the most basic stuff about money. And you can get people to become slaves willingly.
"2% inflation is normal."
Plus now "8% inflation is here, even tho' it's actually more like 40% but we're going to lie and you're going to accept it."