Seems like there are two bad options: either the fed raises interest rates enough to slow inflation, and debt service consumes a huge amount of national budget, or inflation really runs. It doesn't seem right that current inflation is very transitory.

Oct 23, 2021 · 6:23 PM UTC

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But I don't think the status quo can go on too much longer, and we have simultaneously forgotten what it's like to not have this much liquidity injected all the time and haven't yet come to grips with the size of the US debt.
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Replying to @sama
What brought you to this obvious conclusion 8 years late?
Replying to @sama
Deflation is the next option.
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Replying to @sama
Yes prices are rising on certain items but there are always deals outthere. Adapt and adjust. Don’t need to be spoiled brats. Even Whole Foods has great deals or start shopping at Lidl for excellent quality lower prices. This is not the 30s anymore.
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Replying to @sama
Between 1965-1982 US had 4 recessions, 2 mass energy shortages, wage and price controls Pray we haven’t forgotten the lessons of history
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Replying to @sama
It's transitory. Stick to the script!
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Replying to @sama
it’s much easier to dilute the effects in the global economy rather than just the US
Replying to @sama
if rates go up, debt service will be more, more money will have to be printed to pay it, more inflation there’s kinda no way out
Replying to @sama
Another bad option is worldcoin.
Replying to @sama
How does raising rates “slow inflation”, that would only help to make it more permanent
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Replying to @sama
echo chamber
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