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The rate hikes just coincided with the energy crisis easing, which actually did resolve inflation, so I still strongly believe the hikes themselves didn’t do an
by stephen_g 4y ago
The rate hikes just coincided with the energy crisis easing, which actually did resolve inflation, so I still strongly believe the hikes themselves didn’t do anything to help bring down inflation (but did cause unnecessary unemployment). But yeah, the grocery store boycotts wouldn’t have done anything either…
- crmd 4y ago“Greed is good”, say the capitalists, except in the case of rising workforce salaries which is bad and requires intervention by the Federal Reserve.
- readthenotes1 4y agoGreed is the necessary evil of capitalism. Fair markets are the necessary counter.