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A comment on The Case for Higher Rates.

Re:The Case for Higher Rates by Reichhardt on Friday May 06, 2022 @12:55PM (#31287359)
A major driver of inflation is Baby Boomers retiring. If we want to contain inflation, we should immediately increase the full retirement age to 70 and partial to 65.

Secondly, we can immediately ban the purchase of Crytpocurrencies, to drive down the price and hence attractiveness of mining and electricity rates.

Government action needs to be at the supply side.

[ Parent | on HN ]
Re:The Case for Higher Rates by francisofascii on Friday May 06, 2022 @02:03PM (#31288109)
Fear of inflation could keep people from retiring. Not to mention the "less risky" bonds assets getting hammered recently.
[ Parent | on HN ]
Re:The Case for Higher Rates by heylook on Friday May 06, 2022 @03:27PM (#31288830)
> A major driver of inflation is Baby Boomers retiring.

What's the mechanism here?

[ Parent | on HN ]