They say we issue debt from nothing because it “grows the economy” and it’s a “net benefit.”
Well… if we have 2% price inflation, it means the “net” is explicitly a loss. Otherwise stuff would be more affordable. 2% inflation means that the cost of explicitly out weighed the additional production, because the net result was clearly that things got 2% more expensive.
This is exactly why you can’t afford a house, you need 2 earners, and you have no time. You’ve been losing minimum 2% on net of living standard every year for decades.
Well… if we have 2% price inflation, it means the “net” is explicitly a loss. Otherwise stuff would be more affordable. 2% inflation means that the cost of explicitly out weighed the additional production, because the net result was clearly that things got 2% more expensive.
This is exactly why you can’t afford a house, you need 2 earners, and you have no time. You’ve been losing minimum 2% on net of living standard every year for decades.
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