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That really shook my faith in institutions, and I had a lot more faith in institutions than most people do. Then we saw it again, with "inflation is transitory
by mitthrowaway2 3y ago
That really shook my faith in institutions, and I had a lot more faith in institutions than most people do.
Then we saw it again, with "inflation is transitory, we aren't even thinking about thinking about hiking interest rates...".
- hellojesus 3y agoThe inflation is translatory was a known lie by political nonpolitical entities though. They can't say the truth: the country is bankrupt and the only way to press the brakes is to jack rates to 30-70%, which will thusly destroy the economy. The other option is ww3 or debt default, in which case the US loses reserve status and all US living quality plummets to the dark ages.