Can’t wait for the interest rates to go up to “curb our spending” on basic necessities. 🙄
I’ve never really understood the rationale of increasing interest rates when inflation is being driven by international events rather than discretionary spending. Just seems dumb.
Banks need more money to cover the losses they had when it middle east went pear shaped, again
/S
When the only tool you have is a hammer, everything looks like a nail.
Inflation isn’t being driven by international events, it’s being driven by government spending.
Hmm, have you missed the last 6 weeks per chance ?
Did you miss the interest rate rise due to inflation before the war?
So what does glue taste like?
Explain the out of control inflation before the war then……
We are pretty much the only western country in the world who RAISED interest rates before the war. Every economist has been saying for months and months that the inflation is mostly caused by the out of control government spending.
Can the government put in place measures to stop companies from increasing the price more than inflation. Something like taking the year’s profits.
Peace plans
snorts
@okwithmydecay any idea why I can’t interact with lemmy using my mastodon AP account? Seems un fedi to have tobhave multiple accounts to comment…?
@craiglambie42@fosstodon.org you’re able to comment on Lemmy posts as you have done, what other interactions are you looking for? There is a discussion of Lemmy interoperability with Mastodon.