Like I explained elsewhere in this thread, the economy running a little too hot is the normal case for raising interest rates to slow down the economy.
When an orangutan is using a ouija board, it seems, to make decisions about the global stability and the economy, this strategy of raising interest rates to deal with fundamentally poor decision-making may not be as effective.
Like I explained elsewhere in this thread, the economy running a little too hot is the normal case for raising interest rates to slow down the economy.
When an orangutan is using a ouija board, it seems, to make decisions about the global stability and the economy, this strategy of raising interest rates to deal with fundamentally poor decision-making may not be as effective.
I’m just trying to explain it in simple terms.
I almost never hear economists explain why rasing rates is supposed to lower inflation. Or why it’s the only tool used to try to combat inflation.
Every rate increase is a hope that people lose jobs. And it simply isn’t going to resolve our issues.