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House Racist
pizzashill they/them Subject matter expertise: foid identity extremism  1d ago (cnbc.com) 863 thread views #303681

J powell the god pulls it off

https://www.cnbc.com/2024/09/27/pce-inflation-august-2024.html
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yes it literally is.

when you have 0% interest rates for a decade and the money printer goes brrr it drives inflation.

this creates bubbles in the economy - which is reflected in things like the inflated prices in the housing market.

which im sure you're well aware of. or maybe you aren't, i'm not sure if other people are still paying your rent for you.

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Pretty sure it was the global economy shutting down driving most inflation.

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Wait, who shut down the economy?

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The virus did.

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BIPOC we had 0% interest rates with low inflation for years, the trigger was very clearly a global economic crisis and supply chains collapsing.

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If that's true then why are things more expensive then they were 6 years ago.

If the problem was simply supply chains, then prices would reset after the supply chains are repaired lol

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They have in some cases.

Its a lot harder to cut pay than increase it though.

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