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And unlike the last time we had inflation where only 10% was caused by coorperate profits it is currently 50%. Rasing rates may not be the optimal solution alt
by sschueller 4y ago
And unlike the last time we had inflation where only 10% was caused by coorperate profits it is currently 50%.
Rasing rates may not be the optimal solution although probably the quickest way to make an impact.
The thing no one wants to hear but probably effective would be a heavy tax on coorperate profits (targeting specific industries, e.g. Oil) and unrealized capital gains made during the inflation.