See what I mean Gideon by the enemies of Trump taking antisemitism to the whole next level? They're not even hiding it. The enemies support everything evil, they support every evil group, they support every evil ideology, they take the side of every evil side of every single issue. Trump, like all other Presidents before him, isn't judged by his sins, he's judged by how he obeys and serves his superiors and his king. So far Trump has served better than anyone that was before him. May he continue to frustrate the wicked and smash my enemies and the enemies of God into the ground, praise Jesus.
It's the weakness of most capitalist economies. Australia's Labor party is socialist, somewhat like the Democrats in America. The Labor treasurer in 1990 pushed interest rates to 17.5%. I was in industrial sales then. I was calling on companies, only to find the doors locked and the business shut down. One time, the buyer was walking out the door as I walked in. He had been retrenched. Since there was less business, my sales were way down and I lost my job too.The Fed operates on the principle that once inflation gets over a certain point, the only way to deal with it is to raise interest rates, regardless of the source of the inflation. This is shortsighted.
The reason higher interest rates helped bring down Biden induced inflation is because raising rates took money out of the economy that had been flooded into it without an increase in economic expansion. Our economy is expanding and taking money out of it will slow this. The cause of our current inflation is known: the rising cost of energy due to wars. It is self correcting, for the most part, once wars end or other routes are established to move energy. Rates should be left alone or even lowered, in my opinion, but won't be if the Fed keeps employing outdated models.
One commentator described it as burning down the house to get rid of the rats. The people who make these decisions never suffer themselves.
The current energy issues push me towards an EV for my next vehicle, if I decide to replace what I have. Vast numbers of Aussies are thinking the same way.