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Would we have had a recession without Covid or the War? It seems pretty unlikely from what we know. Covid wrecked supply chains and the War wrecked energy + foo
by pm90 4y ago
Would we have had a recession without Covid or the War? It seems pretty unlikely from what we know. Covid wrecked supply chains and the War wrecked energy + food prices. So the Fed has to step in to try and clamp on demand rather than letting the world economy grow organically to meet it.
- cronix 4y agoCovid wrecked no supply chains. The overblown human reaction to it did. Oil prices were on the rise well before the Ukraine invasion.
- NickC25 4y agoI have a feeling that the answer is yes - because economics is kind of cyclical. We can't have a boom without the inevitable bust, so to speak. Plus, keeping interest rates unrealistically low for over a decade just to please the highest echelons of financial power (under the bullshit guise that lower interest rates == more jobs) does nothing more than pause the natural economic cycle and, honestly, it just makes the bust that much more inevitable and dangerous.