3 ms·
The inflation from the covid money-fountain came back to bite well after the pandemic. Central Bank sets the rates higher to purposefully chill the economy by t
by idiotlogical 2y ago
The inflation from the covid money-fountain came back to bite well after the pandemic. Central Bank sets the rates higher to purposefully chill the economy by triggering a recession, or ideally recession-lite. Making people unemployed is a key goal
- bumby 2y ago>Making people unemployed is a key goal Considering one of the main goals of the central bank is to maximize employment, this perspective might be extending into unfounded conspiracy territory.
- chubs 2y agoPerhaps they're prioritising preventing hyperinflation, and willing to break eggs (layoffs) for that inflation-under-control omelette. Either way, it's all not much fun right now :(
- bumby 2y agoI tend to think the rise in unemployment in tech is a regression to the mean. We’ve just gotten lulled into think the best of times is the norm.