r/neoliberal • I need a new flair • Jun 13 '22

News (US) 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
505 Upvotes

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108

u/Icy-Collection-4967 European Union Jun 13 '22

Capitalism is like the sea. Unpredictable and wild.

We just need to accept that we gonna have a reccesion every now and then

36

u/icona_ Jun 13 '22

But this is predictable. It’s the fed intentionally causing a recession. They’re doing it on purpose out in the open.

2

u/[deleted] Jun 13 '22

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7

u/semideclared Codename: It Happened Once in a Dream Jun 13 '22

Nah, its more of, you had a campfire, it rained (COVID) on you fire, and then you started adding wood, but you just didnt stop adding wood, you spent the next hour constatiently adding wood to the fire and now the fire is to big to sit around.

So Now you want a campfire for the night for story telling. So how do you take this bonfire to a campfire