You are fundamentally off the mark at every single point. The basket of goods specifically excludes things such as housing which is the by far the number one cost of living here, which leaves that "inflation" figure as an utterly meaningless metric.
>> Set them at a low level. That's their job. To maintain a consistent, low, predictable rate of inflation.
Your reading comprehension failed here. I am referring to control of interest rates, which has far reaching consequences beyond inflation. This is the "fatal conceit" of socialist minded people such as yourself. No one on this planet is qualified to control interest rates.
>> Set them at a low level. That's their job. To maintain a consistent, low, predictable rate of inflation.
Your reading comprehension failed here. I am referring to control of interest rates, which has far reaching consequences beyond inflation. This is the "fatal conceit" of socialist minded people such as yourself. No one on this planet is qualified to control interest rates.