Higher interest rates lower inflation by tossing people out of work so that they can’t afford to buy stuff. Things can get worse.

  • HubertManne@piefed.social
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    6 days ago

    yeah the scariest part of if we get through this. What its going to take to get anything like last millenia normal.

    • Triasha@lemmy.world
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      6 days ago

      Last time it took over half a million dead, including a president, and several constitutional amendments.

      Slow decline into poverty, corruption, and insanity is more likely this time imo.

      • HubertManne@piefed.social
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        5 days ago

        yeah I don’t get how people can support making exceptions to law to allow their stuff and then still live in a country of law and order without it being a facist state. you have to make the rules first and then abide by them not make them up as you go.

        • Triasha@lemmy.world
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          5 days ago

          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.