They also weren't really concerned about the leak as it destroyed the households below it, that is until the people on the floors under them started collecting the water for their own use (increased wages) and the pressure in the penthouse bathrooms started being the subject of complaints, then they had sudden urgency to resolve the situation.

I’m liking this dam analogy thread. If rain and rivers create more volume, would printing money be like placing large boulders to raise the dam level, without creating more actual value?

It took like 3 minutes before I got your point. I guess that is accurate? Or like, redefining kWh to kW58min when selling the dam electricity.

The fed worrying that regular workers are getting too large a pay increase was a secondary concern for them. I think it was much more important to consider the overall economy than to worry about salary changes for the little people. Five, no eight, now 10% inflation is a bigger thing than paying dishwashers $15 an hour and you still can't hire enough.

If we are worried people are paid $18 an hour and that is too much and that gets the gas prices up -- but mainly things that are not that volatile like rent and consumer stable products -- then we are in for a rude awakening and also we live in a "slavery" driven world still.

The production of oil and supply chains is not even close to 2019 levels. Electronic manufacturing and tooling needs 1-2 years to catch up to 2019 (current) demand. Scaring investment does not help.

Let's beat the metaphor to death. They opened the valve because there was a fire below that needed to be put out. Better to deal with flood damage than lose the whole enchilada.