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If inflation is occurring in Oil & Gas because of the crisis in Ukraine and inflation is occurring in eggs and beef because of monopolistic price gouging, then
by frgtpsswrdlame 4y ago
If inflation is occurring in Oil & Gas because of the crisis in Ukraine and inflation is occurring in eggs and beef because of monopolistic price gouging, then what is the point of lowering government spending? End the crisis in Ukraine, bring Russian oil back on to the market for its correct price and discipline the companies currently making record profits off record prices for goods.
- michaelmrose 4y agoYou are advocating for increasing consumption of Russian oil despite it being used to fund genocide because you value temporary economic prosperity over cutting WW3 short before we ruin the world?
- bequanna 4y agoRight, the mechanism the Fed has available isn’t perfect, but it is a good tool. In general, lowering demand for goods will decrease upward price pressure. Unfortunately, rapid rate increases are needed. The downside will be painful. The crying, screaming, bargaining and delusion we are seeing is normal as money gets expensive, asset values drop and times get harder.