4 ms·

> Fingers crossed that the rate-racking the fed is doing helps slow it down a bit. Along with finger crossing and hoping, we could look for causes of price inc

• ye-olde-sysrq 3y ago
  If this inflation is the price of liberty for Ukrainians and the price of independence from a dictator for Western Europe, then I am willing to pay that, personally. I just don't think Ukraine explains that much beyond natural gas prices going up, as far as I'm aware, and even that I suspect is limited to Europe. (I am in the US).
  • sanderjd 3y ago
    I agree with you that it would be worth it, but it's also definitely not what caused inflation.
    • landemva 3y ago
      Historical timeline of USA central bank rates and world events: March 3, 2020 -50 basis points March 14-15, 2020 -100 basis points Feb 19 2022 Zelensky speech puts in question 1994 nuclear disarmament agreement. Feb 20 2022 VP Harris in Munich encourages Ukraine entry into NATO, "So I respect President Zelensky’s desire to be a member of NATO." Feb 24 2022 Russia in to Ukraine. March 15-16 2022 rate increases begin. Federal Reserve recognized war. Zelensky nuclear ambitions speech translated: https://kyivindependent.com/zelenskys-full-speech-at-munich-security-conference/ https://kyivindependent.com/zelenskys-full-speech-at-munich-... Harris talking about Ukraine joining NATO: https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/02/20/remarks-by-vice-president-harris-in-press-gaggle-2/ https://www.whitehouse.gov/briefing-room/speeches-remarks/20...
      • frumper 3y ago
        Something can happen in the world and not be the causation for the other. It's totally possible.
        • landemva 3y ago
          It is possible. What other event caused Federal Reserve to suddenly raise rates in March 2022?
          • ImPostingOnHN 3y ago
            (somewhat) interesting question, it might be worth discussing sometime anyways, do you have any evidence for the causality you suggested here? so far it hasn't been very convincing keep in mind, as you make your case, that most posters here are smart enough to not fall for a "post hoc ergo proper hoc" fallacy
            • landemva 3y ago
              Federal Reserve is a private contractor to USA and sets the price of money (interest rates). Their recent statement timidly implied the war is causing inflationary pressures. As a contractor, they can't directly tell the White House to 'knock off the warmaking' so they wrote 'international developments'. https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20230726.pdf https://www.federalreserve.gov/monetarypolicy/files/fomcminu... Page 9: "Members also agreed that their assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments." If you like to read books, this book about Russia has amazing references including FOIA documents. https://www.barnesandnoble.com/w/the-plot-to-seize-russia-martin-armstrong/1143609009;jsessionid=BBA3B88B8BBF5602620B254B4DF7D44F.prodny_store02-atgap17?ean=9781662939648 https://www.barnesandnoble.com/w/the-plot-to-seize-russia-ma...
              • ImPostingOnHN 3y ago
• ImPostingOnHN 3y ago
  unfortunately, no matter how much we want the conflict to end, it won't without the commitment of russia to end it, which means withdrawing their Ukrainian-toddler-raping troops* from Ukraine and ending their attempted 3rd russian genocide of Ukrainians** * - per a UN investigation ** - with the Holodomor and the deportation of the Crimean Tatars being at least 2 previous russian genocides of Ukrainians