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pbmus

(12,422 posts) Tue Mar 8, 2022, 07:12 PM Mar 2022

Stagflation or inflation...either way, raising rates is not prudent

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Stagflation or inflation...either way, raising rates is not prudent (Original Post) pbmus Mar 2022 OP

Raising rates is prudent and necessary SoonerPride Mar 2022 #1

At this point, raising them helps only the 1% pbmus Mar 2022 #2

Inflation hit us in the 70s. Nixon tried wage and price controls, it caused shortages of doc03 Mar 2022 #3

SoonerPride

(12,286 posts)

1. Raising rates is prudent and necessary

Reply to pbmus (Original post)

Tue Mar 8, 2022, 07:13 PM

Mar 2022

Inflation needs to be cooled down.

Modest rate increases by The Fed will help.

pbmus

(12,422 posts)

2. At this point, raising them helps only the 1%

Reply to SoonerPride (Reply #1)

Tue Mar 8, 2022, 07:14 PM

Mar 2022

doc03

(35,344 posts)

3. Inflation hit us in the 70s. Nixon tried wage and price controls, it caused shortages of

Reply to pbmus (Original post)

Tue Mar 8, 2022, 07:41 PM

Mar 2022

everything. Ford had his WIN button another failure. It continued under Carter what finally broke it was the
Fed raising interest rates and causing what I think was the worst recession in my life. I was laid off for 3 1/2 years,
my employer went bankrupt, cut our pay, eliminated half our jobs , took our pensions and healthcare away. That's what breaks inflation a steep painful recession.

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