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It's the latest recession I know of where the fed raised rates with the explicit purpose of killing inflation. The tricky thing about inflation, is once people
by wing-_-nuts 4y ago
It's the latest recession I know of where the fed raised rates with the explicit purpose of killing inflation.
The tricky thing about inflation, is once people start to believe inflation will continue it takes a whole lot of pain to stop the wage / price spiral and convince them otherwise.
Let inflation get out of hand, and it's very hard to put back in the bottle.
- WoahNoun 4y agoThe 80s was a period of stagflation though and not just inflation. I don't see even the most bearish analysts predicting stagflation. Inflation combined with low unemployment and wage growth is a whole new territory.