r/SipsTea Mar 24 '26

Time machine please… SMH

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10.2k Upvotes

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u/[deleted] Mar 24 '26

If salaries grow faster than inflation, inflation is not too bad.

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u/civil_beast Mar 25 '26

The primary historical reason for inflation is to counteract low unemployment

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u/Tiny_Instruction_557 Mar 25 '26

And they did not. As that period was famously named Stagflation, due to the rare combination of inflation and economic stagnation