[quote=FlyerInHi]Basically if you compare the USA to Europe, we, in America, had economic stimulus and expansion without inflation, and historically low rates all the same.
Europe chose the path of austerity, belt-tightening, near zero growth and now a threat of deflation.
Our policies to exit the financial crisis have proven much better, period.
spd, growth means real per-capita GPD, money in people’s pockets. How people choose to spend their money is a totally different debate. In America, thoughtful people can choose to work less for less money but more time.
I don’t think Europeans would be too happy to find themselves, a couple decades down the road, with GDP per capita, a smaller fraction of ours.
GPD is also power in the world, the ability to influence the world to your own liking.[/quote]
We’ve had growth without inflation???
Gas has almost doubled since 2008/2009, along with the price of housing. Food costs have risen significantly. Healthcare costs have gone up even more. These are the things that REALLY matter in a person’s life, vs. whatever they are measuring in their garbage CPI numbers.
The only thing that hasn’t gone up? Wages. That “growth” has done far more harm than good as far as the majority of working people in the U.S. are concerned. The only thing the Fed has accomplished is the destruction of purchasing power of those who are on a fixed income/working people.
