points by BuyMyBitcoins 5 hours ago | 0 comments
I understand the rationale around targeting inflation and seeking to actively avoid deflation. That being said, I wish the inflation target was less than 1%.
Eventually, possibly within my lifetime, a Big Mac meal is going to cost $50.
[–] echoangle 5 hours ago
[–] Den_VR 4 hours ago
Salary should go up, you say… how well is that holding true?
[–] wmf 4 hours ago
In the US wages have outpaced inflation. Obviously that's an aggregate measure so it's not true for everyone.
[–] BuyMyBitcoins 5 hours ago
That last comment was more of a reflection on how old I’m getting. I did a poor job of conveying that.
I am curious if I’ll live long enough to see the United States issue higher denomination bank notes again.
[–] codedokode 4 hours ago
What if you are too old and cannot work?
[–] wmf 4 hours ago
Pensions and social security are indexed to inflation. 401ks should beat or match inflation.
[–] baobabKoodaa 12 minutes ago
Pensions in Finland are not "indexed to inflation" in the sense that you mean. Our pensions are wildly underfunded and people of working age generally expect to get back LESS than the NOMINAL VALUE of what they've paid towards their pensions during their working life (*when we count "employer contribution" into "employee contribution", which is what it is in reality).
[–] verteu 4 hours ago
Investments outpace inflation even more than wages (r>g).
Is the problem the number or the concept?
Your salary should also go up so the only thing affected is the cash you hold. Would it be better if the currency would be version-bumped every 10 years and rescaled to remove the inflation?