Post by
garyreins on Aug 17, 2024 11:30am
AGENDA 2030
Who actually thought its a good idea to have 10+ years of low rates, practically 0% rates for 2 years during covid, encouraging businesses and households to borrow to support a post-pandemic recovery
only to raise rates the fastest in history to the highest in 20 years the very second the lockdowns ended and saying 'oh well, we gotta tame inflation at all costs'
Comment by
Torontojay on Aug 17, 2024 11:43am
All they had to do was follow the quantity theory of money to understand why more money creation leads to inflation. Another way of saying the same thing was, "too much money chasing few goods" leads to inflation.