Re:The QT Timebomb
by seanmcdirmid on Thursday January 20, 2022 @01:40AM
(#30005580)
Even in 2019, Trump pressured the Fed into not raising interest rates, saying they would make the economy crash. Trump is hardly alone in blame, Obama, Biden, and Bush are just as bad.
Money has been cheap since 2008. Did everyone expect it to be cheap forever without consequences? COVID just blew down a house of cards, fixing COVID isn’t going to magically fix our inflation problems, the house has already been blown down and it will take another decade of fiscal discipline to build something sturdy back up again.
It should be possible to achieve better employment without punishing savers and rewarding debtors.
Money has been cheap since 2008. Did everyone expect it to be cheap forever without consequences? COVID just blew down a house of cards, fixing COVID isn’t going to magically fix our inflation problems, the house has already been blown down and it will take another decade of fiscal discipline to build something sturdy back up again.
It should be possible to achieve better employment without punishing savers and rewarding debtors.