[MisterBastahrd]

They are using interest rates to slow down hiring and increasing wages because of increasing prices. They are essentially trying to make borrowing as hard as possible to increase unemployment. Not everyone is going to quit borrowing. Especially companies who are currently experiencing hypergrowth. But in any event, increasing interest rates are going to increase prices.

In other words, their mechanism for regulating inflation is broken and it's just causing more price increases to occur. Wages have been so stagnant for so long and employees are so incredibly tired of wealth hoarding by the upper class that people are refusing to take jobs for comparative wages that they would have flocked to in 2008.

And I'm all for it. Because prices have outstripped wages for a very long time and we're supposed to just sit here and figure out how to borrow ourselves to death.

[Dylan16807]

Okay, all of that makes plenty of sense to me.