One really big thing I want to see in my lifetime - the mainstream acceptance that the central bank *simply cannot* fix inflation by raising rates.
It’s utter lunacy and it hurts millions of people. And it just doesn’t work.
One really big thing I want to see in my lifetime - the mainstream acceptance that the central bank *simply cannot* fix inflation by raising rates.
It’s utter lunacy and it hurts millions of people. And it just doesn’t work.
it is bizarre almost perverse how they just keep hammering that one tool which quite obviously does not work 😒 and on top right now their timing is quadrouply bad 