Wages are supposed to inflate as well, which people don't account for. Obviously that doesn't always happen which is a real issue, and there are better ways to manage the economy than moving the interest rate/inflation lever back and forth, but it isn't inherently bad, like you said.
Wages are supposed to inflate as well, which people don't account for. Obviously that doesn't always happen which is a real issue, and there are better ways to manage the economy than moving the interest rate/inflation lever back and forth, but it isn't inherently bad, like you said.
Yeah people talk about it like it's something unequivocally bad rather than a nuanced issue