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yeah this part confuses me a bit seems like the last thing you want to do is drive unemployment --> people have less money --> inflation down the way to attack inflation is supply side or getting rid of uneconomic financing

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Jacob Silverman

@SilvermanJacob

Sep 25

Is hurting people good for the economy? Experts are divided. cbsnews.com/news/fed-inter

11:29 PM · Sep 25, 2022Twitter Web App

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They are optimising for statistics, not people.

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and

terms SBF can understand

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Uneconomic financing. Like Gambling on Shit cos??

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If so, I am a huge participant of the recovery.

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A good chunk of inflation are rents, by raising interests on mortgages people will be more incentivized to rent and not to buy. This slow interest increase dripping is making it worse, reason why inflation is sticky.

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But in the long term higher rates mean lower market prices for houses right? I agree short term it could put the squeeze on landlords and encourage them to raise rent but as more people enter home ownership at lower prices it should go down. no?

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So, starve people to stop hunger?

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Powell is doing trump’s bidding

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Agree. Unemployment means social unrest (eg. riots), the one problem all world governments fear and a problem money can't easily fix bc things get personal.