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<blockquote data-quote="vantexan" data-source="post: 5214352" data-attributes="member: 24302"><p>Consumer confidence unfortunately won't fix inflation. High interest rates means more money is being spent on interest and less on consumer spending. Less consumer spending means lower prices to attract purchasing. That and increasing oil production will bring prices down. Unfortunately due to government debt high interest rates also means the cost of servicing that debt increases exponentially. So much so that government will have to curtail spending to the point it's going to cause a lot of pain. Liberals with their Modern Monetary Theory thought that they could spend us into prosperity and debt doesn't matter. They're finding out differently now. The Fed is trying to walk a fine line in hopes they can find a way out but a quarter of one percent won't do anything. They know we're screwed but don't want to be responsible for crashing everything. But if they don't we'll have hyperinflation eventually. And now throw Putin and the very real threat of food shortages into the mix. I see Democrats here who are in denial about everything but they've got to know continued high gas prices and ever higher food prices are going to kill their chances in November. I see a religious conversion of Democrats co-opting Republican positions before the elections. I hope the voters don't fall for it. And that's assuming that everything doesn't crash before then.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5214352, member: 24302"] Consumer confidence unfortunately won't fix inflation. High interest rates means more money is being spent on interest and less on consumer spending. Less consumer spending means lower prices to attract purchasing. That and increasing oil production will bring prices down. Unfortunately due to government debt high interest rates also means the cost of servicing that debt increases exponentially. So much so that government will have to curtail spending to the point it's going to cause a lot of pain. Liberals with their Modern Monetary Theory thought that they could spend us into prosperity and debt doesn't matter. They're finding out differently now. The Fed is trying to walk a fine line in hopes they can find a way out but a quarter of one percent won't do anything. They know we're screwed but don't want to be responsible for crashing everything. But if they don't we'll have hyperinflation eventually. And now throw Putin and the very real threat of food shortages into the mix. I see Democrats here who are in denial about everything but they've got to know continued high gas prices and ever higher food prices are going to kill their chances in November. I see a religious conversion of Democrats co-opting Republican positions before the elections. I hope the voters don't fall for it. And that's assuming that everything doesn't crash before then. [/QUOTE]
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