This inflation was caused by fuel prices (caused by Putin’s war on Ukraine) and as a side effect of the “medicine” used to prevent the economy from crashing during COVID-19. Intentionally raising interest rates is not the solution. We need to first use less of the specific things that cost more and then maybe see if markets can’t actually work like conservatives say they should.
This inflation was caused by fuel prices (caused by Putin’s war on Ukraine) and as a side effect of the “medicine” used to prevent the economy from crashing during COVID-19. Intentionally raising interest rates is not the solution. We need to first use less of the specific things that cost more and then maybe see if markets can’t actually work like conservatives say they should.