Re:Do High Interest Rates Fix High Inflation?
by chollida1 on Tuesday June 13, 2023 @06:12PM
(#36318321)
> this is the kind of tone deaf, consumer blaming crap that is going to get our current government booted out and replaced with a regressive, populist conservative government. Hooray. But I guess they deserve it?
But it’s also very true that they made the decisions that lead to this.
I’m Canadian so I’m in a similar boat to your country.
We’ve had a terrible government for thr past 10 years and they’ve made terrible spending decisions that have ruined Canada. I like your country, though, we’ll have to wait 3 more years to start to undo the damage the liberals have down to Canada so consider yourself lucky you aren’t from here:(
Rates were at historical lows while a normal Historical rate was around 5%.
If you planned your life around rates that were at levels never seen before then you did make a mistake and people should bear the brunt of that.
That was outright gambling I’d you managed your life around rates not returning to historical norms.
I feel that we should not treat people like helpless children and instead treat them like adults
But it’s also very true that they made the decisions that lead to this.
I’m Canadian so I’m in a similar boat to your country.
We’ve had a terrible government for thr past 10 years and they’ve made terrible spending decisions that have ruined Canada. I like your country, though, we’ll have to wait 3 more years to start to undo the damage the liberals have down to Canada so consider yourself lucky you aren’t from here:(
Rates were at historical lows while a normal Historical rate was around 5%.
If you planned your life around rates that were at levels never seen before then you did make a mistake and people should bear the brunt of that.
That was outright gambling I’d you managed your life around rates not returning to historical norms.
I feel that we should not treat people like helpless children and instead treat them like adults