3 ms·
Has any economy gotten out of 5%+ inflationary cycle without a painful multi-year recession? Once the cycle settles, someone eventually has to pull a Paul Volc
by jonathan-adly 5y ago
Has any economy gotten out of 5%+ inflationary cycle without a painful multi-year recession?
Once the cycle settles, someone eventually has to pull a Paul Volcker, no?
- rafale 5y agoIt took a recession to tame every inflation above 5% in history (except one time in 1950). We are just waiting for election to be over. Fed doesn't wanna "meddle".
- notch656a 5y agoA recession was all but guaranteed as soon as governments mandated shutdowns of broad swaths of the economy and scared the ever living hell out of people by making it sound like we were all going to die if we engaged in trade. They/we just decided to delay the pain by printing lots of money and handouts which decouple the pain from the shutdown, instead 2-3 years later we can blame it on some vague 'inflation' and the massive loss of quality of life, suicide, drug addiction and other results of recession can be blamed on something other than the mismanagement of the nation in the pandemic.