3 ms·
We should be solving this by fixing supply chains, allowing domestic energy production to increase until the Russian war is resolved, raising taxes on the very
by nostromo 4y ago
We should be solving this by fixing supply chains, allowing domestic energy production to increase until the Russian war is resolved, raising taxes on the very wealthy, and cutting spending (to reduce deficit spending, which creates new money). These would all be supply side fixes and budgetary fixes.
Instead we're going the demand side route: keep making everyone poorer until people stop buying things.
- dageshi 4y agoGiven the disparity between the current interest rates and the inflation rate, that is more or less what the Fed is doing. They're no where near the point where they're actually trying to stop inflation with interest rates.