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That is not trickle down economics. If you make it harder to do business by making loans more expensive then businesses will slow growth or make cuts. Slowing g
by throwaway4aday 4y ago
That is not trickle down economics. If you make it harder to do business by making loans more expensive then businesses will slow growth or make cuts. Slowing growth means you hire less and cost cuts usually involve eliminating personnel. Do that on a large scale and you increase unemployment and high unemployment produces an atmosphere in which people become more bearish and spend less thus eventually reducing inflation. This isn't the first time we've done this but since you aren't clear on the definition of trickle down economics I don't expect you to know that.