Gregory's Server@tychosoft I'm also amused how raising rates is always peddled like the only possible solution. Back in the 70s even Nixon admin did price controls.
|
Top-level
 @tychosoft I'm also amused how raising rates is always peddled like the only possible solution. Back in the 70s even Nixon admin did price controls. 1 comment
|
@yogthos indeed. There may actually even be valid inflation scenarios where raising rates makes sense. This is clearly NOT one of them. Price controls could be a valid policy, clearly it would not be economically destructive, unlike raising rates is.