Let's recap
Inflation is high
So the central bank raises interest rates
Which is supposed to suppress demand
And so disinflate prices
But
The private sector is dead
The government killed it with lockdowns in 20/21 and it has never recovered
All job growth is by the state
And the state will not curtail spending in face of higher rates, in fact
They will spend more to fund the interest
And they will spend more again with welfare to support people who are struggling with higher rates
In fact as rates increase, and their spending increases, thus inflation will increase
So the central bank will raise interest rates
Again
Ad infinitum
Oh dear
Rod
npub1r0…rfsft
2026-09-29 08:14:02 UTC
Author Public Key
npub1r0d8u8mnj6769500nypnm28a9hpk9qg8jr0ehe30tygr3wuhcnvs4rfsftSeen on
wss://relay.damus.ioPublished at
2026-09-29 08:14:02 UTCEvent JSON
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"content": "Let's recap\nInflation is high\nSo the central bank raises interest rates\nWhich is supposed to suppress demand\nAnd so disinflate prices\nBut\nThe private sector is dead\nThe government killed it with lockdowns in 20/21 and it has never recovered \nAll job growth is by the state\nAnd the state will not curtail spending in face of higher rates, in fact\nThey will spend more to fund the interest\nAnd they will spend more again with welfare to support people who are struggling with higher rates\nIn fact as rates increase, and their spending increases, thus inflation will increase\nSo the central bank will raise interest rates\nAgain\nAd infinitum \n\nOh dear",
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