must “crush consumer demand with higher interest rates” - aka - completely crash the economy. Yeah.. sounds great. How about kicking the cause out of office...
Crush your enemies, see them driven before you, and to hear the lamentation of their women!
Send 20 trillion dollars to Ukraine and Hunter Biden.
Banks and other lenders want high interest rates so naturally they want the fed to “crush” the American people.
“Consumer demand” has nothing to do with causing inflation. It does raise prices but that is a result of there being more money created and flooding the system. The increase in the money supply is entirely what inflation is.
Paging Paul Volker, Paul Volker?
The previous 3/4, 3/4, 3/4, 1/2 increases have had negligible impact.
Last month inflation was back to 0.04%. The rates for the previous 4 months have been revised upward.
Democrats don’t WANT inflation under control.
It devalues the existing debt, they collect more dollars from the higher wages that people demand because of inflation, more hit higher income tax brackets, etc. etc. etc.
Yeah you morons! Quit enjoying life and stuff.
People should see that stories like this one also dovetail with stories of “Where did all the workers go?”
Prices are absurd. And who can buy a house now? Prices are through the roof. The standard vision is that young people start off at reasonably low-level jobs (I’m not talking McDonald’s). They enter the workforce, chasing that American dream. Some hard work, some loyalty to the Big Company, and they can rise up and start a family, buy a home, and live a life.
All of that is out the window. The American Dream is running away from young people faster than they can run to catch up. Their employer will show them no loyalty. They will not rise up. And they won’t ever be able to buy that $600,000 starter home.
People give up on their dreams and drop out of the workforce. A minimal existence that keeps them from starving is all they want. They figure contributing to the country’s economic engine is a fool’s game.
Is that some weird Indian dance?
Most everyone is willing to give 20% of their assets/income to Ukraine. Sure it will be a bit painful, but you’ll feel so much better later.
WHO is buying stuff these days? As during the ‘0bama Reign of Error’ we are putting off ALL purchases for any ‘consumer goods’ other than food and fuel.
And we’re driving less and eating less.
FJB. FJY. FBOA.
I would like to see Bank of “America” get crushed.
Then move rates to 10% tomorrow!
BS. They should lower interest rates and lower taxes.