“The central banks need to trigger a recession to force unemployment to pick up and create enough demand destruction, but we’re not there yet” - gotta love how the “solution” is always to punish the consumer and let the corps get away with endless greed. But then again the Fed only has one lever to pull and to tackle the supply side would require Congress which will never happen.
They’re called “job creators”, pleb. You should be grateful they’re even giving us this much! /s
Except you’ve pretty much given corporations the ability to randomly use “inflation” as an excuse to charge many times what a product is worth to cause buying frenzies and make record profits whenever they feel like it.
Absolutely nothing was done to these companies over the past few years who did this.
“battle against inflation” what battle? I don’t see us going after the corporate profit greed that is causing all of this. They use the word inflation like it’s some weird mystical word that we need to go to the profits (economists) for answers for. It’s corporate greed and late-stage capitalism, always has been and always will be. If little number has to always go up and can never stall or go down, you gotta start squeezing water from the stone at some point. Infinite growth is bullshit in a world that doesn’t have infinite growth. Most of the companies that are charging more and more for shit are doing stock buy backs, employment cuts, etc. People need to wake up to the reality of the fact that this shit isn’t some mystical mumbo jumbo, it’s very straightforward, the ruling class just doesn’t want you to understand it.
Your demand side solution isn’t gonna do shit to the housing market and hasn’t where I am. Demand for housing can not be pushed down, rent or buy people need to live somewhere. Couple that with 16 million vacant houses in the US and its no wonder it’s not working because it’s not an issue of too much demand it’s a supply side issue.
