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re: Forbes: Inflation Will Lead Inexecrably To Recession
Posted on 5/23/22 at 10:13 am to member12
Posted on 5/23/22 at 10:13 am to member12
Larry Kudlow and Art Laffer were interviewing each other just recently concerning the recession and they both agreed that the only way to tamp down this inflation was to raise interest rates higher than the inflation rate.
They also agreed that J. Powell, chair of the Fed, was not capable of tackling this problem.
I fear stagflation.
They also agreed that J. Powell, chair of the Fed, was not capable of tackling this problem.
I fear stagflation.
1
Posted on 5/23/22 at 11:28 am to SantaFe
quote:
Larry Kudlow and Art Laffer were interviewing each other just recently concerning the recession and they both agreed that the only way to tamp down this inflation was to raise interest rates higher than the inflation rate.
I can't tell you how stupid of an idea this is without having a seizure. That would not only make inflation worse but it would blow up the financial system.
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