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This seems like it would be economic malpractice to allow high inflation for an extended period. It is especially reckless considering the middle class is the
by starkd 4y ago
This seems like it would be economic malpractice to allow high inflation for an extended period. It is especially reckless considering the middle class is the most advervsely affected here. You could easily see the economy do a tailspin and never recover.
- landemva 4y agoHigher interest rates would help pension funds which invest in bonds. Agreed that high inflation hurts the lower tier who generally don't have assets which keep up with inflation.