Higher interest rates lower inflation by tossing people out of work so that they can’t afford to buy stuff. Things can get worse.
Higher interest rates lower inflation by tossing people out of work so that they can’t afford to buy stuff. Things can get worse.
I don’t think my fellow Americans understand anything more complicated than “It feels like this should be legal/illegal so someone needs to make it so.”
The longer I live the more I find that the truth is banal and stupid. Nobody is holding the reigns, they are just floating along on vibes.