Economy

bucolic_frolic

(51,529 posts)

3. What is the alternative to the archaic remedy?

Sat Oct 1, 2022, 06:20 AM

Oct 2022

Is there another way to fight inflation? To prevent a steady devaluation of the US dollar and therefore purchasing power?

I agree Powell is weak, ineffectual, late to the game. Interest rates should have been hiked 15 months ago, they would not have to rise so much or so fast. But that is the way the Fed has always been run. It responds to the stock market's "taper tantrums" that demand cheap money to fuel rallies. Then they have to pay the piper. Just like they did in 1929, 1968, 1982, 2000.

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Sucking for real... [View all] sprinkleeninow Sep 2022 OP

It does - I have felt like the game was rigged for a long time and yet I still participated. walkingman Sep 2022 #1

2 401Ks that worked for us, then I had to transfer them into an IRA of my own sprinkleeninow Sep 2022 #2

What is the alternative to the archaic remedy? bucolic_frolic Oct 2022 #3

I don't really know. It just seems that it wasn't all that bad and bingo! we're facing inflation sprinkleeninow Oct 2022 #4

Bankers who populate the Fed and make Fed policy are Republicans. bucolic_frolic Oct 2022 #5

"I don't think inflation will be a big deal at the ballot box." progree Oct 2022 #6

In a world of low expectations, of value purchases over time, of modest inventories bucolic_frolic Oct 2022 #7

I'm not blaming Biden or the D's either. But your average swing/independent voter? progree Oct 2022 #8

The swing/unaffiliated voters. There you go... sprinkleeninow Oct 2022 #9

Yes, price controls, rationing and price freezing Farmer-Rick Oct 2022 #10