Hacker News new | ask | show | jobs
by Octabrain 1351 days ago
Is this something openly known or just some kind of guess from you? Jez, if we've reached the point where the US goverment forces unemployment (with all the suffering it implies to ordinary people) in order to protect the overall economy (the elites and goverment itself)....if that's not something to make everyone to lose any remains of faith on the system then I don't know what it is.
1 comments

https://thehill.com/policy/3658981-why-the-fed-is-pushing-un...

The fed is in full bore inflation fighting mode. The only tool they have for that has the known and expected result of driving up unemployment.

They currently view that as the lesser of 2 evils.

To put it another way, unemployment is an A right now and inflation an F. They would prefer both to be B’s than this situation.