Like I explained elsewhere in this thread, the economy running a little too hot is the normal case for raising interest rates to slow down the economy.
When an orangutan is using a ouija board, it seems, to make decisions about the global stability and the economy, this strategy of raising interest rates to deal with fundamentally poor decision-making may not be as effective.
Like I explained elsewhere in this thread, the economy running a little too hot is the normal case for raising interest rates to slow down the economy.
When an orangutan is using a ouija board, it seems, to make decisions about the global stability and the economy, this strategy of raising interest rates to deal with fundamentally poor decision-making may not be as effective.
I’m just trying to explain it in simple terms.
I almost never hear economists explain why rasing rates is supposed to lower inflation. Or why it’s the only tool used to try to combat inflation.
Every rate increase is a hope that people lose jobs. And it simply isn’t going to resolve our issues.
Because other options to combat inflation like reducing tariffs, better trade deals and higher taxes are off the table politically in the media.