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2024-07-09 22:42:24

🍄🌈🎮💻🚲🥓🎃💀🏴🛻🇺🇸 on Nostr: #Inflation goes up when there's more #money and less goods to buy. During #Covid they ...

#Inflation goes up when there's more #money and less goods to buy. During #Covid they printed a ton of #dollars and gave it away so inflation went up.

In order to make inflation go back down, they raised #interestRates, which makes it hard for business to borrow money, so they can't afford to pay employees, so people lose their #jobs, which means they have less money so inflation goes down.

Unfortunately, not enough people have lost their jobs yet so the rates can't come down yet.

#economy
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