News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Eat the rich!
Promises Promises
Eat the Fed!
Huh?
I mean if you're gonna criticize the whole capitalist system sure. Within the confines of the current system and the inflation problem though they did a pretty good job. Not like there's a good model of "how to deal with rapid inflation as economies reboot after a global pandemic" to follow. In hindsight maybe they should have started to raise interest rates sooner. But we were just starting a huge recovery and still trying to get everyone employed again. Even after inflation was starting the fear was raising interest rates would have to plunge the whole economy into recession and cause mass unemployment before inflation would get under control. It's kind of remarkable that this was avoided.
Just look what happened in the 1970s and 1980s, when 30 year mortgages got up to 18%, real wages (your wages considering inflation) plummeted for a decade and didn't really start recovering until the 2000s. In our current situation the real wages compensated for inflation have recovered as of this fall already when compared to 2019. And we did it all better than the majority of other countries worldwide who were experiencing the same problems as their economies rebooted. Anyways, point is, probably as good of a job on the feds part with this current situation as anyone could have done.
Do eat the rich though, by all means.
FIAT money is independent of capitalism. Its coercive existence leads to distortions of relative prices and the production system, as government and its central bank will always tend to be inflationary.
Exactly. I just meant for the context of the posted article about inflation and our existing economic system, fed did a decent job at bringing it down without crashing the economy, unlike the last time they gave this a go. I included the disclaimer at the start of the comment because I didn't want to imply I was in support of grow at all costs eat the entire earth capitalism though. Not sure how long that paradigm is gonna be able to continue. It all comes back to eat the rich in the end.