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Talking about inflation seems to have turned into some sort of political issue. I know I can feel the prices rising everywhere. But ppl counter it immediately b
by dominotw 6y ago
Talking about inflation seems to have turned into some sort of political issue. I know I can feel the prices rising everywhere. But ppl counter it immediately by saying 'fed has tools like increasing interest rates if it really becomes a problem, they know better than you'
- reedjosh 6y ago> Talking about inflation seems to have turned into some sort of political issue. It is political. The method in which inflation is created benefits bankers via interest. Further, higher inflation widens the divide between the asset class and the rest of us. However, the mainline (I would say propaganda) is that `...they know better than you` where `they` are unelected technocrats.