Unironically yes. But the point is the crash will bring down inflation. Some bank last week estimated that to get to 2% inflation would require 10% unemployment

Unironically yes. But the point is the crash will bring down inflation. Some bank last week estimated that to get to 2% inflation would require 10% unemployment though. I'm skeptical of Phillips curve arguments, but even if that's remotely true it would be a complete disaster.