Explain the out of control inflation before the war then……
We are pretty much the only western country in the world who RAISED interest rates before the war. Every economist has been saying for months and months that the inflation is mostly caused by the out of control government spending.
Those calling for government cuts – mostly long-time advocates of smaller government – claim this would lower inflation, and as a consequence reduce interest rates.
In fact, claims that government spending is now a very large share of the economy are exaggerated.
the current fiscal settings are not the primary cause of the uptick in inflation.
But the current fiscal settings are not the primary cause of the uptick in inflation.
Those calling for government cuts – mostly long-time advocates of smaller government – claim this would lower inflation, and as a consequence reduce interest rates.
In fact, claims that government spending is now a very large share of the economy are exaggerated.
Inflation isn’t being driven by international events, it’s being driven by government spending.
So what does glue taste like?
Explain the out of control inflation before the war then……
We are pretty much the only western country in the world who RAISED interest rates before the war. Every economist has been saying for months and months that the inflation is mostly caused by the out of control government spending.
that is not true, some economists did, others did not, as is the way for economists.
https://theconversation.com/is-federal-government-spending-really-to-blame-for-higher-inflation-its-not-clear-cut-274961
Hmm, have you missed the last 6 weeks per chance ?
Did you miss the interest rate rise due to inflation before the war?
here’s am analysis from before the war
https://theconversation.com/is-federal-government-spending-really-to-blame-for-higher-inflation-its-not-clear-cut-274961