Probably the dumbest question I've seen asked this year

But you may understand now why it is virtually impossible to raise interest rates enough to fight inflation. Just a reminder: last time we had comparable inflation rates, the FED raised interest rates to 20 percent. You think they'll do that again? If they do that, there'll be burning cities and hanging politicians. Don't believe me? Think back a few years - cities were burning without people's livelihood being directly impacted. Now they are. Prepare for hyperinflation, it's the only way out left for politicians. You'll seen see articles about how inflation might be bad, but the alternative being worse. Watch out.

Attached: Screenshot_20220601_113316.jpg (1080x631, 166.82K)

Cities were on fire in 2020 as a direct result of the actions of Democrats, not in spite of them.

How does that matter? Fact is that they were on fire, and considering what the trigger was back then, you can bet your fucking ass that the revolt will be much worse once interest rates threaten people's livelihood. And the only way politicians know how to deal with that risk is giving people money, which will make inflation worse.

Inflation doesn't need fighting; It's transitory. What you are seeing is a political charade. Inflation isn't popular and someone (Powell) has to take the blame.

hey faggot retard, go shit up your facebook boomer conservative groups. no one wants to hear your debilitatingly low IQ "good kike vs bad kike" culture war psyop niggerbrain takes.

How are banks allowing these credits? This will only make things worse

That's true, but at that stage, I don't think that they have any other choice. They'll continue playing the game, and once the music stops, they'll rely on government. Not just the banks are fucked, not just the economy is fucked, the whole society is. Most people just don't realize it yet.

I do, cause he's right.

How many of those 'lower-income Americans' weigh over 200 pounds?

It's less that it "doesn't need fighting" and more that it cannot be fought. True inflation (money supply) is a Pandora's box problem. The best you can do is raise rates and hope that people and businesses put their excess money with the banks, but all that does in reality is kick the can down the road since those same people and businesses will want to use their money (with interest) on investments or purchases at a later point when the rates eventually go back down. Even if you got the bright idea to keep rates high indefinitely, you're still only holding back the excess money by promising its owners even more money by holding. You are choosing higher inflation tomorrow to catch a break today.