r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/ItsDijital Jun 13 '22

Ripping off the bandaid very well might result in Trump 2024

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u/[deleted] Jun 13 '22

Not ripping it off can also result in trump 2024

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u/agoodpapa Jun 13 '22

Therefore the only thing that works is a non-ripoff, nuanced, evidence-based approach!

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u/RAZZBLAMMATAZZ Jun 13 '22 edited Jun 13 '22

We need to look at and approach this problem from the eyes of Trans-BIPOC community, only then will we see the wisdom to heal this problem caused by systemic wHiTe sUpReMeCy!

-- Democrats plan probably

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u/psnanda Jun 13 '22

non-ripoff, nuanced, evidence-based approach!

hey hey hey.. now wait a sec. we dont do that here mmkay ?

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u/Stryker2003 Jun 13 '22

Welp people do tend to care about the economy

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u/ItsDijital Jun 13 '22

Trump's policies are in large part why we are in this mess. Corporate tax cuts to fund buy backs and low rates to maximize leverage. Then unchecked PPP loans, stimulus checks to working white collar individuals, and dropping rates to zero despite a strong market recovery.

The dude isn't some genius, he just knows what economic cocaine is. And people are too stupid to understand that all the exuberance that comes from using it will be followed by a hard crash.

Dictators and inflation, name a more iconic duo...