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MajorProblem50 t1_iufeyat wrote

Using interest rate to fight climate change, health crisis and war is highly regarded.

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Sufficient_Yak_1939 t1_iufgdsc wrote

Yeah but they ain’t fighting those things, they’re fighting inflation.

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CatticusF t1_iuhmmr6 wrote

Fed has said multiple times now that their tools aren’t sufficient to fight inflation and that the actual government needs to pass laws to tackle the underlying causes.

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BojackPferd t1_iui99c0 wrote

and thus the FETT needs to force the actual senile government to do something by going all bonkers with rate hikes. May i suggest 300 basis points? followed by 100 points each month.

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MajorProblem50 t1_iuflm09 wrote

ok... so when more hurricanes destroy more homes in florida, jacking up insurance rates even more, how would interest rates solve that?

or Mississippi river no longer a shipping lane, causing the price of soy to double and cost of cattle feed to double, how?

How do rate increase fight the cause of inflation?

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wishtrepreneur t1_iufzv2y wrote

People buy less so grocery stores cut price in half after expiry date: easy 0% inflation

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MajorProblem50 t1_iug1pag wrote

Inflation will also force people to spend less.

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wishtrepreneur t1_iugs1mc wrote

So why cause recession with rate hikes if they want people to spend less?

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MajorProblem50 t1_iuj70uc wrote

It's the only thing the fed can do. Rate hike is good for the rich. The job economy is too stron. We want cheaper labor and cheaper stuff and it's the big advantage for the rich. Cheaper stuff doesn't matter for any of us if we're going to end up at the soup kitchen and wendy's dumpster.

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