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by throw0101c
1348 days ago
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> The consequences of the FED money printing are just starting to show. So having an economy in with the unemployment rate being the lowest it's been in decades is a bad thing? Would you rather have low economic growth and millions of people out of work? Would that that make you happy? I'd rather have an economy that's "too hot" with inflation that needs to be slowed down than having people not getting a pay cheque at all. Slowing down an economy that's doing "too well" is preferable IMHO to one that's causing suffering. But that's just me. |
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They are raising rates but inflation is not going down at all.
Until it does there is not just "low economic growth" but rather economic contraction and even more out of work than if they did just let economy take its natural course and correction during covid.
Will that make you happy?