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Just today the Fed governors stated inflation has not been sufficiently curtailed... https://www.cnbc.com/2022/11/17/feds-bullard-says-rate-hikes-have-had-only-
by oarabbus_ 4y ago
Just today the Fed governors stated inflation has not been sufficiently curtailed... https://www.cnbc.com/2022/11/17/feds-bullard-says-rate-hikes-have-had-only-limited-effects-on-inflation-so-far.html https://www.cnbc.com/2022/11/17/feds-bullard-says-rate-hikes...
- boppo1 4y agoSure, I'm just curious how we'll deal with interest payments on our debt, especially since our economy has evolved to thrive on low rates. The hikes are necessary, but I think they're going to kill a bunch of BS jobs, meanwhile we'll have to raise taxes to service the debt. Gonna be real interesting.
- three_seagrass 4y agoNation debt isn't like a personal checkbook. As long as the economy grows just as fast or faster than the debt over time, then they're okay.
- boppo1 4y agoSure, but we made the economy grow by keeping debt cheap. Now debt will be expensive and all signs point to the economy not growing in such an environment.