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A comment on US Federal Reserve raises interest rates for first time since 2018. Parent comment

Re:US Federal Reserve raises interest rates for first time s... by diob on Wednesday March 16, 2022 @10:20PM (#30706862)
You raise a good point that we could really reverse inflation by actually closing tax loopholes and reabsorbing the excess we printed and gave out to the 1%. . . but like you said, never going to happen unfortunately.
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Re:US Federal Reserve raises interest rates for first time s... by hgomersall on Thursday March 17, 2022 @02:50AM (#30708358)
It's likely you can't because the 1% don't really spend excess money, so it's not inflationary. Another important insight from MMT.
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