News for hackers. Stuff that matters.

A comment on Federal Reserve raises rates by 0.75%. Parent comment

Re:Federal Reserve raises rates by 0.75% by imtringued on Wednesday June 15, 2022 @04:33PM (#31759088)
Why do people assume that an economy will grow forever. If that were the case, how come the Roman empire failed to conquer the galaxy? 3% over 2000 years is a lot of growth, a lot, I can't stress how unimaginably large that amount of growth is.
[ Parent | on HN ]
Re:Federal Reserve raises rates by 0.75% by sumy23 on Wednesday June 15, 2022 @04:43PM (#31759228)
People assume the economy will grow forever because they don't want the future to look like feudal Europe where economic stagnation led to a millennium of toil and suffering.
[ Parent | on HN ]