This is how recessions start. I don’t always agree with Sanders, but he seems to be on the right track here. I don’t think this is the Fed’s mistake as much as it is the natural consequences of Biden’s mistake with ARPA, but the slowdown is not only going to kill inflation, it’s going to also kill the economy.
This is like musical chairs. One knows exactly how the game ends when the music stops til the last person/loser is standing. Right now it is Xiden. The self-centered, bucket-list, entitled, everyone-gets-a-trophy, cell-phone addicted millenials are going into territory never lived in, and because of poor education, never learned about the laws of economics. That’s where the danger is ...
Yes, it is. We’re not going to end this inflation without some sort of a recession.
Can’t be done.