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You're correct, but I think missing part of the point. The point was not "raising interest rates at any level will trigger a recession" but rather "raising int
by bumby 5y ago
You're correct, but I think missing part of the point.
The point was not "raising interest rates at any level will trigger a recession" but rather "raising interest levels an amount capable of combating inflation will trigger a recession".
A 0.00001% hike may not cause a recession, but it also wouldn't affect inflation.
- whimsicalism 5y agoInteresting, I don't actually think there's much ambiguity in the statement "any attempt to raise interest rates at all."
- bumby 5y agoI'd defer to the OP to state what they really meant, but your response comes across more as a trivial semantic "gotcha" than an actual reasoned response.* If you actually think they meant raising rates by a trivial amount, even though history doesn't indicate that is a tack likely taken, then, yes, you are technically correct. *Since you are a self-described consequentialist, it may be just that you feel what was stated is all that matters and not what was intended