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To: conservative98

Yeah, dig your way out of the inflation hole by digging the hole deeper. Ending inflation is going to be really ugly. It seems most here are old enough to remember the late 70’s/early 80’s. It wasn’t pretty. There will have to be drastic changes in monetary policy and businesses will need to significantly increase productivity while cutting investments. There will be “right-sizing”, which will increase unemployment and concurrently increasing the work load and overtime for remaining employees, particularly salaried employees. Meanwhile, the cost of credit will set a trap for the impatient consumer. Words of advice, you lived without that slave labor chink crap up to this point so you don’t have to buy it on credit.


42 posted on 12/10/2021 10:29:10 AM PST by ConservativeInPA ("Goats are like mushrooms. Because if you shoot a duck, I'm afraid of toasters." - Joe Biden)
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To: ConservativeInPA
There will have to be drastic changes in monetary policy

Simple. The federal reserve will have to slam the brakes by increasing the interest rates drastica. It would result in a severe recession but we'll tame inflation. No one is willing to pay the political price.

61 posted on 12/10/2021 12:31:13 PM PST by MinorityRepublican
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