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Re:Rate Hikes Are Affecting the Economy by acchow on Tuesday November 01, 2022 @11:50PM (#33431239)
They wanted to induce more spending elsewhere in the economy to make up for the lack of spending in shut down businesses. I think as businesses reopened gradually they should obviously have done the reverse (Quantitative tightening), but they didn’t. And then we ended up with high inflation.

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