September 2022 Question Request
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September 2022 Question Request
Powell said whatever he does is justified, if (oops, WHEN) he reduces inflation to under 2%. I remember when 18% was bad, and I remember when stagflation threatened. I don't remember when 2% was crowned King of Inflation Rates. Can you explain why 2% is the magic, perfect number that we seek?
I am curious as to what the US puts up as collateral when borrowing money from the World Bank or other countries?
Is there a debt to income ratio that is looked at when a country borrows money?
Is the US smart or stupid when borrowing so much money?
Or is the World Bank and other countries stupid for lending us so much money?