Central banks face a choice between increasing the money supply, which lowers unemployment and creates more groxth, but which also leads to inflation, or decreasing the money supply which decreases inflation, but slows down groth (or can even cause a recession) and increases inflation. They are making the second choice right now.
I'm not super versed in ghoul obfuscation, what exactly does he mean by moderating demand?
mass unemployment and starvation :jokerfied:
Central banks face a choice between increasing the money supply, which lowers unemployment and creates more groxth, but which also leads to inflation, or decreasing the money supply which decreases inflation, but slows down groth (or can even cause a recession) and increases inflation. They are making the second choice right now.