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A comment on Do High Interest Rates Fix High Inflation?. Parent comment

Re:Do High Interest Rates Fix High Inflation? by TexanFeller on Tuesday June 13, 2023 @08:13PM (#36319512)
> which suddenly wasn't a problem went Trump got into office and tax cuts were desired

There are plenty of us that rage against _both_ parties' negligence when it comes to balancing the budget. Socially liberal and fiscally conservative as us libertarian-ish types say. Lots of us hated Trump for cutting taxes and bullying the fed to lower rates while the economy was already booming.

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Re:Do High Interest Rates Fix High Inflation? by mikrl on Tuesday June 13, 2023 @08:21PM (#36319568)
It’s like the dark sibling of Keynes, eh?

At least Keynesian theory had a notion of slowing an economy that needed slowing, and boosting an economy that needed boosting, through a complementary mechanism.

The poisonous application on the other hand is to boost an economy at capacity, and use the inevitable crash to funnel wealth to… who knows where?

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