this post was submitted on 28 Apr 2026
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Can't wait for the interest rates to go up to "curb our spending" on basic necessities. π
I've never really understood the rationale of increasing interest rates when inflation is being driven by international events rather than discretionary spending. Just seems dumb.
Banks need more money to cover the losses they had when it middle east went pear shaped, again
/S
When the only tool you have is a hammer, everything looks like a nail.
Inflation isnβt being driven by international events, itβs being driven by government spending.
Hmm, have you missed the last 6 weeks per chance ?
Did you miss the interest rate rise due to inflation before the war?
here's am analysis from before the war
https://theconversation.com/is-federal-government-spending-really-to-blame-for-higher-inflation-its-not-clear-cut-274961
So what does glue taste like?
Explain the out of control inflation before the war thenβ¦β¦
We are pretty much the only western country in the world who RAISED interest rates before the war. Every economist has been saying for months and months that the inflation is mostly caused by the out of control government spending.
that is not true, some economists did, others did not, as is the way for economists.
https://theconversation.com/is-federal-government-spending-really-to-blame-for-higher-inflation-its-not-clear-cut-274961