I cant belive my man thinks rasing intrest rates will do anything to combat wages going up due..... too...
- 1 million dead Americans due to rona( and counting)
- Rising class conscious due to how rona was handled
- 54 million boomer Americans are gonna be dead in less then a decade due to age
- Stagnate casino econmy predicated on cheap labor + imperialism × decaying gentocracy
Whats the plan Man? How you gonna fix this shit once it crashes, how many times is he gonna quatativly ease him self when inflation is rampant and not gonna respond to increassd intrest rates. Go Volcker suck on these these nuts
Go crazy tell me where you think the ecomy is going
It's going to make inflation worse because the rising cost of borrowing money will make it harder to increase output and invest in the supply chain. Also monopolies will be protected from startups that will have a harder time accessing capital.
The rising cost of borrowing money would also make investors more likely to invest safer things like factories and less in riskier fake Silicon Valley startups right? Uber is able to operate unprofitably because of the long run of low interest rates