Pushing down GDP, including to negative, by increasing interest rates is literally the mechanism used to combat inflation.
We are coming off massive inflation and resulting cost of living increases due to covid and global pressures - no one who has even a basic understanding of GDP and inflation sees a problem with this.
Fucking morons.
It’s almost like when you vote conservative & you get what you deserve for voting conservative.
the conservative position is that government doesn’t work so when they get into power they try to prove that position correct.
“I did not mean that Conservatives are generally stupid; I meant, that stupid persons are generally Conservative” - John Stuart Mill
Pushing down GDP, including to negative, by increasing interest rates is literally the mechanism used to combat inflation.
We are coming off massive inflation and resulting cost of living increases due to covid and global pressures - no one who has even a basic understanding of GDP and inflation sees a problem with this.