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I don’t know where to start. If you in the long run make more money by shutting down your business and put the money in a bank account, then of course, you sho
by Ma8ee 5y ago
I don’t know where to start.
If you in the long run make more money by shutting down your business and put the money in a bank account, then of course, you should do that because it wasn’t a great business to start with. But no one expects the feds to keep the interest rates that high for very long.
It’s only in a near monopoly that a few businesses shutting down will make a big difference on the prices.
But if you shut down businesses, that will increase unemployment, which will keep wages down which will keep the inflation low.
Quite a bit of empirical evidence are by now showing that you are wrong.
- alisonkisk 5y agoWhat good is low inflation if people have even less money to spend so they can't afford the prices? Prices don't exist in a vacuum. Low/no wages and low inflation means purchasing power is dropping aka the economy is collapsing.