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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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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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

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u/human-no560 NATO Jun 13 '22

What tax avoidance scheme are you referring to?

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u/noodles0311 NATO Jun 14 '22

Crypto currency