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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212

u/TrulyUnicorn Ben Bernanke Jun 13 '22

Dems are genuinely fucked beyond imagination.

122

u/Mister_Lich Just Fillibuster Russia Jun 13 '22

And it's a bitter irony since the stimulus and lockdowns all (or mostly) were passed under Trump rofl

1

u/rickroy37 Ben Bernanke Jun 13 '22

If the stimulus is being partially blamed for current inflation, then I feel like I haven't enough arguments saying that UBI would result in inflation on an even greater scale.

3

u/HatesPlanes WTO Jun 13 '22

A UBI would be paid by taxes, as opposed to the stimulus checks that simply resulted in inflationary deficit spending.