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Leaving inflation alone disproportionally affects the people who don't have a lot to begin with. 10% inflation is much more palatable when that's your coffee bu
by delusional 4y ago
Leaving inflation alone disproportionally affects the people who don't have a lot to begin with. 10% inflation is much more palatable when that's your coffee budget than when it's your rent.
- fnordpiglet 4y agoYou’re right. But the feds moves will lead to less spending and increased savings, which will result in economic contraction and the loss of employment. A 10% drop in purchasing power is painful, 100% is catastrophic.