I am not. That is ridiculous. I am saying KEEP lowering interests rates and then maybe wages will continue to go up. That is good thing. RAISING INTEREST RATES TO FIGHT AN INFLATIONARY BOOGEY MAN IS STUPID. Can you keep up or should I slow down. LOL.
Leaving interest rates artificially depressed in a strong economy is just plain stupid. You’re myopic. It’s you who can’t keep up. I honestly think you don’t understand what you’re saying. You argue against wage suppression for years, then start cheerleading for it at the flip of a switch, then deny it, then support it, all in the space of ten minutes. It’s not me who has an issue with understanding, here.
Nobody is raising interest rates to fight inflation. They’re raising interest rates to: (1) strengthen the U.S. dollar so companies repatriate capital from overseas; and (2) get investors out of their cash positions and into productive assets.