Concidence, result of non-participation in global economics, or MASSIVE CONSPIRACY???

yes 2% a year, and????

 

that still seems like a lot of inflation, in the long run. not a very good goal for something as (hopefully) long lived as a nation

 

Generally, inflation promotes spending while deflation promotes saving.
A 2% annual inflation rate results in a gradual devaluation of our currency over a 35 year period to halve its' value.
Most people find that acceptable and more or less unnoticeable.
But, inflation does not occur equally across the board thereby being beneficial for some while detrimental for others.
Money is an exchange medium. Fiat money, unlike commodity money, is temporal in value and less likely to be accumulated or hoarded in kind by any rationally thinking persons resulting in it being either spent or invested, which too results in the acquisition of something of temporal or permanent value which may or may not be taxable.

 

MASSIVE CONSPIRACY theory.

 

???????

 

I am thinking spending them comes first.......

 

Hence the government debt. Lol.

Borrowing them came first. Spending them came second. And much of the taxing of them has yet to come...

 

In Revolutionary War federal govt requested taxed money from the colonies, borrowed money from people, printed money, spent money, and then taxed to pay for it much later. And??????????????????????

 

And...That economy wasn't operating under a fiat system.

 

During Revolutionary period the Continental was purely a fiat currency. Its hard for a liberal to get anything right isn't it? So why be a liberal?

 

well its not a big deal really. If they aimed for 0% half the time we'd have deflation and probably slower economic growth as a result.

 

Issuing a fiat currency and having a fiat system are totally different things.

 

very very similar for sure but why waste your/our time here trying to make such uber trivial points? Did you give up on trying to promote liberalism??