Right, the thing the Fed is doing by raising rates is increasing unemployment but trying to not come right out and say it. Increasing unemployment decreases demand and therefore prices. A hard recession is how this is going to end IMO.
> Increasing unemployment decreases demand and therefore prices.
said differently (and maybe cynically): the only way to reduce prices is to make people jobless and potentially homeless, destroying families and potentially peoples lives in the process...
maybe i am crazy, but this seems like a really bad way to run an economy?
You’re not crazy and it is bad but that’s how it operates. At the macro scale, the people making these decisions are just looking at percentages on a spreadsheet and turning knobs to get them where they want them.
