I think they should be raising rates, actually.
You think inflation is that bad?
Yes I do. However, I must disclose that I was born and raised in Brazil, which suffered from chronic hyper-inflation during the 80s, so I am more sensitive towards inflation risks than most Americans. However, the fact that the great leader is pushing a 3 trillion dollar budget scares me a lot. It was out of control government spending that brought hyper-inflation to Brazil.
I think Nixon put in price controls when inflation was at about 4% - aren't we near 3%
Yes I do. However, I must disclose that I was born and raised in Brazil, which suffered from chronic hyper-inflation during the 80s, so I am more sensitive towards inflation risks than most Americans. However, the fact that the great leader is pushing a 3 trillion dollar budget scares me a lot. It was out of control government spending that brought hyper-inflation to Brazil.
Even a depression is better than hyper-inflation.
I think so too, but the government greatly prefers the inflationary scenario.
It quickly reduces the national debt, among other salutary effects.
heck, when was the last time we had deflation?