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Thing is we have low unemployment...we need even higher interest...

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blueballs

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29/04/24

07:44

Post #: 73549104
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Originally posted by alonso ↑

"It’s not so much that we risk stagflation as we’re already there,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. “We have basically pulled forward trillions of dollars of economic growth by borrowing from the future, but that must be repaid at some point. And it is highly inefficient as well.”
Stagflation is a unique economic phenomenon that involves slow growth, high unemployment, and elevated inflation and is particularly difficult to address as solutions for one issue can exacerbate the others, according to Investopedia. The most notable example of stagflation occurred in the 1970’s, after an oil crisis.The U.S. national debt climbed above $34 trillion for the first time at the start of 2024 and currently sits at nearly $34.6 trillion, according to the Treasury Department."

https://dailycallernewsfoundation.o...g-to-a-nightmare-scenario-for-the-us-economy/

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Thing is we have low unemployment...we need even higher interest rates to change that and not sure even they will work like they used to due to generational wealth
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