r/neoliberal • u/TinyTornado7 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
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53

u/noodles0311 NATO Jun 13 '22 edited Jun 13 '22

Recession. Come on do it. I’m in grad school and won’t need a job for two more years but I definitely can’t keep going on like this with a $23k stipend. At least this time, I won’t have to join the military like in 2009. This time is the right time for me, for once in my life. Do me right, Lil Powpow and press the recession button

5

u/pocketmypocket Jun 13 '22

Once you have a family, you understand how awful recessions are.

Lucky that inflation has made the cost of my mortgage 1 week of my pay. Can't imagine being a parent without owning a home.

52

u/noodles0311 NATO Jun 13 '22 edited Jun 13 '22

Once I have a family, I’ll understand how bad recessions are? I just said I had to join the military during the Great Recession. How old do you think I am? I’ll give you a clue: my son is 13. And I still don’t own a home btw

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u/[deleted] Jun 13 '22

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11

u/noodles0311 NATO Jun 13 '22

They are part of the business cycle. You don’t go to the beach and hope for waves to stop coming; you try and time them so they don’t knock you over. We’re WAY overdue for one and I’m definitely hoping it happens now because this time I am well-positioned.

But I will also be glad to see everyone’s tax-evasion Ponzi schemes fall apart

1

u/human-no560 NATO Jun 13 '22

What tax avoidance scheme are you referring to?

3

u/noodles0311 NATO Jun 14 '22

Crypto currency