Re:Why the Fed wants to crush workers (19 Jan 2023)
by not_the_fda on Sunday January 22, 2023 @12:12PM
(#34479568)
5.5% unemployment, the Fed target, isn't crushing workers. Its the natural unemployment rate.
Inflation destroys wealth. Nobody will be able to retire with inflation high, it erodes savings, and will force governments to cut benefits as they get too costly.
2009 - 2022 was a wild ride of free money, and we became addicted to it, but its well past time to get back to moderate interest rates, moderate unemployment, and low inflation.
Inflation destroys wealth. Nobody will be able to retire with inflation high, it erodes savings, and will force governments to cut benefits as they get too costly.
2009 - 2022 was a wild ride of free money, and we became addicted to it, but its well past time to get back to moderate interest rates, moderate unemployment, and low inflation.