[Kazan]

You'd prefer to see the vast majority of citizen's savings accounts devalued by runaway or hyperinflation?

Interest rate hikes are what brought inflation under control under Reagan.

Of course, none of that excuses the Federal Reserve's role in printing money since 2008 or the Covid stimulus cash that cause the inflation problem to begin with.

[janetjanet998]

You’d prefer to see the vast majority of citizen’s savings accounts devalued by runaway or hyperinflation?
Interest rate hikes are what brought inflation under control under Reagan.

——
Savings? What savings?

I’m not sure what the savings rate was back then but credit card debt has got to be much much higher today

High oil prices don’t help with inflation either

Drill baby drill