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Exactly, "causing a recession" is not the way to lower inflation, but merely a side-effect. Most of the resulting recession is not even real in a way, because t
by _0ffh 3y ago
Exactly, "causing a recession" is not the way to lower inflation, but merely a side-effect. Most of the resulting recession is not even real in a way, because the preceding economic expansion based on dirty-cheap money was not real either. It's mostly just a return from imaginary lala-land to ground truth. Sure, there's also a lot of wealth destruction going on, but that destruction was really happening during the boom and the following bust only makes it apparent.