Higher interest rates lower inflation by tossing people out of work so that they can’t afford to buy stuff. Things can get worse.

  • dehyzer@piefed.social
    link
    fedilink
    English
    arrow-up
    0
    ·
    1 month ago

    This goes against all the hard data we’ve got from the past 80 years of the Fed independently managing interest rates, but yeah dawg, I’m sure your vibes-based economic theory has finally cracked the code that Shadow Emperor JPow has been hiding from us, and all that rampant inflation from 0% interest rates is fake news.