LogFAQs > #965695524

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Topic	Inflation rose 8.6% in May, highest since 1981
Jabodie 06/10/22 10:42:41 AM #24:	Squall28 posted... I wonder if we would've been better off just taking that recession hit up front instead of fucking up our money supply to the end of time. Imo the answer is almost certainly not. A huge market crash during quarantine would have probably spelled disaster with an unknowable period of time before we can get vaccines out, relax restrictions, and start economic recovery. The kinds of people that believe the Fed shouldn't exist are probably the kinds of people that thought there shouldn't be any lockdowns for the pandemic. It is difficult for me to imagine that a crash in 2020 would have been better than a few years of 10% inflation followed by a more moderate recession. --- <insert sig here> <cite>Jabodie posted [p:965695524] in Inflation ... [t:80052041]...</cite> <quote>Squall28 posted... </cite> <quote>I wonder if we would've been better off just taking that recession hit up front instead of fucking up our money supply to the end of time.</quote>Imo the answer is almost certainly not. A huge market crash during quarantine would have probably spelled disaster with an unknowable period of time before we can get vaccines out, relax restrictions, and start economic recovery. The kinds of people that believe the Fed shouldn't exist are probably the kinds of people that thought there shouldn't be any lockdowns for the pandemic. It is difficult for me to imagine that a crash in 2020 would have been better than a few years of 10% inflation followed by a more moderate recession. --- <insert sig here></quote> ... Copied to Clipboard!
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