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I attribute what is going on right now with inflation and exhorbently high home prices to Keynesian economics, particularly the central banks policy during covi
by georgeplusplus 4y ago
I attribute what is going on right now with inflation and exhorbently high home prices to Keynesian economics, particularly the central banks policy during covid. I don't believe this system works for the people. It serves corporations.
I am genuinely curious why you have such faith in this system.
- johnwheeler 4y agoBecause it saved us from ruin during the financial crisis, and signs are showing cooling inflation with the tools in place now
- georgeplusplus 4y agoHomes are at the most unreasonable price ever. Mass Layoffs are starting to happen for high paying jobs. Gas and oil will go back up now that the petroleum reserves are depleted. Prices on everything have increased dramatically. What exactly has this saved us from? What part of this was worth it to you? One CPI report below expectations, at 7.7% mind you nothing to snivel at, is not a trend that this is letting up.
- johnwheeler 4y agoThe economy goes up and down. That’s normal. It’s been that way since the history of commerce.