Credibility is laughable right now. As if they want to bring down inflation in the slightest. Keep raising rates you donkeys, something you should have done decades ago.
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Gov's tools for reducing inflation:
  • increasing production
  • raising taxes
  • raising interest rates
  • begging <- we are here
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Actual tool for reducing inflation
  • shrink the government
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next... lower prices by law
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Reminds me of when Zimbabwe made inflation illegal.
In 2007, the government declared inflation illegal. Anyone who raised the prices for goods and services was subject to arrest.
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In that case, instead of raising prices, they could have switched to a different service or good. E.g. imagine you're selling regular potatoes for $1 / kg. Next month you want to sell them for $10 / kg, but you're not allowed to raise the price, so cast a spell on them and sell enchanted potatoes for $10 / kg. A new, completely different product, so it wasn't a price rise.
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That's not how pricing works. LOL
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It's scared
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It's like handing a drowning man a sticky note with the word "oxygen" written on it.
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Perhaps you should've stopped the printer sooner.
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We are living in interesting times to say the least.
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The west = idiocracy. What happened
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And companies respond by saying "so you're saying raise prices 10% to reflect input cost increase and then another 5% to reflect borrowing cost increases. gotcha"
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weeeeeeeeeeeeeeeeeeeeeeeeeeee
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🤣🤣🤣
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Weimars are breaking out worldwide.
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