5 ms·
> Food costs increased 11.4% from a year ago, the most since 1979. Electricity prices rose 15.8% from 2021, the most since 1981. The Fed has completely screwed
by victor106 4y ago
> Food costs increased 11.4% from a year ago, the most since 1979. Electricity prices rose 15.8% from 2021, the most since 1981.
The Fed has completely screwed up the US economy.
The fed chair Powell was using fancy words to basically say that inflation would not be persistent last year when most of the industry was saying it would be.
The worst part is he got another term even with such a big screw up.
- mensetmanusman 4y agoCovid was bigger than the fed.
- hersko 4y agoMostly because it was artificially made to be. After the first few months it was pretty clear that the vast majority of people were barely effected by the virus, and yet they still moved for massive lockdowns, business closures and other useless "security-theater" policies.
- slaw 4y agoOne of the reasons is, everything must be extremely safe. Once some guy tried to take a bomb in a shoe on an airplane. Thanks to him airports security theater added new requirement, take shoes off before boarding.
- notch656a 4y agoThe might-makes-right destruction of free movement and trade during COVID lockdowns in 'free' Western nations should have red-pilled millions into the illegitimacy of these governments and their hostility against the pursuit of life, liberty, and happiness. Many countrymen calling for these policies were found out to be nothing more than proponents of violence to enforce their own health policy goals. Fortunately the US didn't go quite as dystopia as Europe, so we may find ourselves yet in a position of comfort as usurious European energy prices, inflation, and post-COVID European war expand American competitive advantages.
- deleted 4y ago[deleted]