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by Lionga 1349 days ago
The slowing down now will cause more suffering than a slow economy during covid would have been.

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?

1 comments

A slow economy during a pandemic would create so much social strife and unrest... Imagine for a second if people didn't have a job, couldn't get out of the house, didn't get any money to buy food and/or pay rent. Do you think any society would have endured 2+ years of pandemic emergency actions while going through a deep recession?

The economy are people's lives, not just numbers to be balanced. Keep that in mind, empathy goes a long way to help understand human systems.