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The Fed’s 2% Inflation Fairytale – Who Made It Up And What Does It Mean?
by Gerald Celente
David Stockman’s Contra Corner
Once upon a time, not too long ago, central bank wizards began telling a fairytale that economies need inflation. But not just any inflation. In their Goldilocks make-believe world, the not too hot, not too cold, just right dose of two percent is needed to keep an economy healthy.
While there is absolutely no quantifiable data or economic model that proves or supports this oft-cited fairytale, the business media keep repeating it, selling the fiction that a two-percent inflation rate will somehow create jobs and spur economic growth.
“Worry Over Low Inflation Kept Fed at Bay,” screeched the Wall Street Journal, 9 October headline, following the release of Federal Reserve minutes in which they decided not to raise interest rates.
Continue Reading at DavidStockmansContraCorner.com…
Source: http://financialsurvivalnetwork.com/2015/11/the-feds-2-inflation-fairytale-who-made-it-up-and-what-does-it-mean/?utm_source=rss&utm_medium=rss&utm_campaign=the-feds-2-inflation-fairytale-who-made-it-up-and-what-does-it-mean
