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This is the 'worst possible outcome for the Fed', experts warn - The Fed is caught between a rock and a hard place (creditnews.com)
submitted 6 months ago by Renneder@sh.itjust.works to c/becomeme@sh.itjust.works
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[-] Nobody@lemmy.world 12 points 6 months ago

All horseshit. Prices went up because of price gouging, not “inflation.” They’re pretending to fight a problem their real constituency creates every day.

Audit the Fed.

[-] dislocate_expansion@reddthat.com 2 points 6 months ago

These are two different concepts. Auditing the fed does make sense since no knows the true number of USD. Price gouging could also be an influence, but we need to remember that commodity prices went up 400%+ during covid for things like corn and lumber which could take years before those ripples are felt

[-] JasonDJ@lemmy.zip 0 points 6 months ago

Probably better not Knowing. Could you imagine the financial chaos and meltdown that would come if we're way off, in either direction?

[-] dislocate_expansion@reddthat.com 1 points 6 months ago

I think truth is more important than belief but to each their own

[-] Zachariah@lemmy.world 11 points 6 months ago

“Why aren't the Fed's rate hikes working?”

Because of corporate greed.

[-] dislocate_expansion@reddthat.com -5 points 6 months ago

You don't think adding X trillions of USD to the economy also affected inflation?

[-] Zachariah@lemmy.world 5 points 6 months ago

No, the profiteering is the problem.

[-] dislocate_expansion@reddthat.com -2 points 6 months ago

So you've stopped supporting large corporations who are greedy and just started buying completely local then, yes?

[-] KimjongTOOILL@lemmy.world 3 points 6 months ago

What is there to buy that doesn't get handled by a big greedy monopolistic corp somewhere in the chain?

[-] dislocate_expansion@reddthat.com 1 points 6 months ago

Local money tends to stay local, but yeah eventually the local farmer might need to buy some specialized tool that only some big corporation manufactures. But we got ourselves in this mess from supporting these massive greedy corporations, so as the average person is more educated than 50 years ago we might be able to get ourselves out

https://sustainableconnections.org/why-buy-local/

[-] Nollij@sopuli.xyz 2 points 6 months ago

Does it actually stay local? Pretty sure the local farmers are buying standard issue tractors and equipment from the likes of John Deere.

Granted, the money has a few stops before making its way into the hands of those mega corps, but it definitely doesn't stay with small businesses.

[-] dislocate_expansion@reddthat.com 1 points 6 months ago

Yeah, that's why I'm thinking more people who have the education on how to build these things could help in the construction. We wouldn't have the direct raw materials, but could be done in steps. Just keeping any amount of wealth in the local area is important IMO since otherwise the citied turn into corporate hell with no interest in the actual people living there

this post was submitted on 27 Apr 2024
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