Desperate_Expert_952

Desperate_Expert_952 t1_j8p9tou wrote

When you start off your statement by vilifying and entire discipline it makes it hard to take anything you say seriously.

Pain was going to come in two forms we had to pick.

Runaway inflation due to crap fed monetary policies for decades and multiple presidents OR stagnation of wages and rising of rates.

What we needed to avoid was stagflation as seen in the Carter presidency.

Pain was going to occur and runaway inflation hurts the poor the most.

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Desperate_Expert_952 t1_j8p6qpq wrote

Ok buddy people get butt hurt on Reddit. To quell our inflationary situation of over 6% for years. Things need to happen. People must consume less, rates had to rise, unemployment had to rise. Economists agree raising wages would be counterproductive to combating inflation.

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