Cutting rates would be a colossal mistake.
Below is comparison between 1975 and 2004.
Arthur Burns flipped flopped on policy.
Is history about to repeat itself?
Stagflation ?
Feedback welcome. pic.twitter.com/3clfHDgzek
— The Great Martis (@great_martis) September 11, 2024
Reducing interest rates is not a sustainable solution to economic challenges. It may provide temporary relief, but it will lead to resurgent inflation and further complicate matters.
A more effective approach would be to implement a more aggressive monetary policy. By… pic.twitter.com/dsV5cVMgM8
— The Great Martis (@great_martis) September 12, 2024