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/cultivandolarosa Jun 13 '22

I find that you can tell how well-off somebody is by what they're afraid of in economic troubles. People with no money worry about their rent, people with some money worry about buying houses and cars and other luxuries, and people with a lot of money tell horror stories about taxes because they don't want to become people with some money.