The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy
www.ineteconomics.org
In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
  • buckykat [none/use name]
    ·
    5 months ago

    Many observers blame the ‘sticky’ services inflation on nominal wages, which are rising as workers strive to catch up with inflation.

    the inflation is caused by people trying to catch up with the inflation?

      • buckykat [none/use name]
        ·
        5 months ago

        Oh sure, that's table stakes for capitalist economics opinions. What got me is the sheer concentrated circularity of that sentence.

  • Droplet
    ·
    4 months ago

    deleted by creator

    • queermunist she/her@lemmy.ml
      ·
      5 months ago

      The stress in the Global South is causing their governments to destabilize, the recent events in Kenya were a direct outgrowth of high interest rates. Eventually this situation will reach a point that these countries start to collapse or have their governments overthrown by anti-Western forces (like has happened in several ECOWAS countries)

      This can't continue forever.