Cleverdawny, 11 months ago The point of the interest rate hikes was to take money out of circulation to reduce inflation. A side effect of that is cooling wage increases. Ideally, we would handle inflation by raising taxes. But good luck passing that without a Senate that has a supermajority of non-Republicans
The point of the interest rate hikes was to take money out of circulation to reduce inflation. A side effect of that is cooling wage increases.
Ideally, we would handle inflation by raising taxes. But good luck passing that without a Senate that has a supermajority of non-Republicans