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I am not strictly sure why you are being downvoted, but raising interest rates does not get you out of the 'stag' in stagflation; it actually makes it worse. Cu
by grg0 1y ago
I am not strictly sure why you are being downvoted, but raising interest rates does not get you out of the 'stag' in stagflation; it actually makes it worse. Cue EU governments circa 2008 for a recent example of where that kind of economic policy gets you.
- sharemywin 1y agowhen your markets are hyper monopolized they can just produce less and jack prices up even more.