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Stop trying to blame things on Russia-Ukraine: high inflation was always foreseeable as the end of a decade of artificially low US interest rates; here's nytime
by smcin 3y ago
Stop trying to blame things on Russia-Ukraine: high inflation was always foreseeable as the end of a decade of artificially low US interest rates; here's nytimes.com from 4/26/2018 "The Era of Very Low Inflation and Interest Rates May Be Near an End" https://news.ycombinator.com/item?id=16934387 https://news.ycombinator.com/item?id=16934387
- mschuster91 3y agoThe R-U invasion was undeniably the event that set off the explosive rate hike that was enacted as a counter towards the exploding inflation which was directly caused by the invasion skyrocketing electricity and gas prices.
- smcin 3y agoYou know that inflation exploded back in early 2021, already.