3 ms·

I don’t know about anyone else but I have a degree in economics. https://en.m.wikipedia.org/wiki/Taylor_rule#The_Taylor_principle https://en.m.wikipedia.org/wi

• xxpor 4y ago
  If the fed did that, we'd be in a complete collapse. Worse than the depression. That's infinitely worse than 8% inflation.
  • UncleEntity 4y ago
    Volcker drastically raised rates and we’re still here. I believe my parents had a 17% interest rate on their mortgage back then.
    • nl 4y ago
      I lived though that. It was not pleasant. Long-term, high levels of unemployment are a nightmare.
  • FollowingTheDao 4y ago
    I take it you weren’t alive in the 1980s? I wonder if you actually think there’s a way out of the mess that’s been created over the last 14 years?
    • xxpor 4y ago
      >I take it you weren’t alive in the 1980s? Depends on which side of the life begins at conception/birth debate you're on ;) I took your suggestion as suggesting the fed should bump the rate up to nearly 10% in one go, with no warning, which isn't what they did back then. I also think the artificially induced recession wasn't even necessary. It's more likely that Regulation Q reform is what actually ended that inflationary period.