通膨

Inflation is an unpleasant side effect, not the cure
提振經濟不等於高通膨


FT專欄作家布里坦:高通膨是經濟復甦時需要克服的副作用,而不是提振經濟的手段,追求高通膨率就像軍官追求更大傷亡一樣奇怪。

Sometimes the person in the street is wiser than the policy intellectual. After decades worrying about too much inflation some of the would-be intellectual policy commentators are now worrying about too little. But the UK consumer is hardly likely to complain that the consumer price index is “only” 2.2 per cent higher than a year ago and has hardly ever been as low as the official target of 2 per cent.

有時候,研究政策的知識分子智商還比不上街頭的普通人。在數十年擔心通膨太高之後,部分自詡理智的政策評論家如今正在擔心通膨太低。然而,恐怕英國消費者不太可能會抱怨消費價格指數(CPI)同比「才」上漲2.2%,並且幾乎從來沒有低到官方2%的目標。

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