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> The least bad option would be to raise taxes Taxes also reduce productivity/supply, which is that opposite of what you want.

• bryanlarsen 3y ago
  Raising interest rates also reduces productivity and supply. Raising taxes is more efficient so reduces productivity less than raising interest rates does.
  • thunky 3y ago
    > Raising taxes is more efficient I'm not sure if that's true. And even if it is the effect is much slower compared to the near immediate impact raising interest rates has had. Also, I consider inflation as a tax on it's own. So adding a tax on top of a tax is pouring salt on the wound if you ask me. I'm satisfied that cash is paying 5%, at least that takes a bite out of inflation. For the last several years savers have been penalized and borrowers have been spoon fed money so I'm glad that's reversing. And I'm glad that rising mortgage rates are putting a ceiling on the housing market. No I don't want to pay more in taxes to cover the recent insanity that I had nothing to do with. Maybe when you advocated for raising taxes you mean somebody else's taxes, not yours? I suppose that's usually what people mean when they say that.