But sometimes it takes much more than 13 months for the money to be destroyed. H... | Hacker News

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maxerickson on March 22, 2024 | parent | context | favorite | on: Why the 2% inflation target? (2023)

But sometimes it takes much more than 13 months for the money to be destroyed. How does the inflation know the difference in those cases?

WalterBright on March 22, 2024 [–]

It all averages out among all the banks issuing loans and resolving them.

maxerickson on March 23, 2024 | [–]

Household debt has gone up by trillions of dollars.

https://www.newyorkfed.org/microeconomics/hhdc

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