September 2022 Question Request
Each month, we send out an email asking you to ask us questions for the monthly Q&A. You can submit your questions by commenting on this post, sending them via email, or scribbling them on a tiny note, strapping it to a carrier pigeon’s leg, and telling it to find us. If you see someone else has asked your question in the comments, give it a like (by clicking the heart button). The more likes, the more likely we are to answer that question.
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?