RE: Capitulation20 Sep 2022 00:49
Printing money causes inflation as you increase money supply, haven’t they learned that yet? Also the main cause of this crisis with rising inflation is not due to consumer spending that increased interest rates is supposed to control. it’s due to OPEC refusing to increase production of oil. Taking money out of economies via interest rate rises is not going to solve the problem, the problem is with the limited energy supply. Perhaps they need to talk to OPEC a little more , that’s my view on this.