The Taylor rule in economics says that if you want to fight inflation with interest rates, then the interest rate needs to be higher than the rate of inflation. For the ECB that would mean that interest rates would have to be raised to 15-20%, instantly bankrupting the entire EU. I don't think they actually have any sort of serious plan to deal with this and are just waiting it out, hoping the inflation will go away on it's own.
I'm pretty sure we've been in a depression since the start of lockdowns. Government spending hid it from the official accounting, but how could anyone argue that economic activity rose during that period?
The Taylor rule in economics says that if you want to fight inflation with interest rates, then the interest rate needs to be higher than the rate of inflation. For the ECB that would mean that interest rates would have to be raised to 15-20%, instantly bankrupting the entire EU. I don't think they actually have any sort of serious plan to deal with this and are just waiting it out, hoping the inflation will go away on it's own.
Like clock work. We've been in a recession since like march lol, but they just admit to it after the midterms. Lol Pathetic
lmao imagine thinking EU bureaucrats cared about US mid terms 😂😂 wake up from your main character syndrome
Stop projecting. Of course, they care. They are all in their BS together... LOL naive idiot
😂🤣🤣 moron
Still projecting i see
I'm pretty sure we've been in a depression since the start of lockdowns. Government spending hid it from the official accounting, but how could anyone argue that economic activity rose during that period?
Also available here: https://archive.ph/nsn8N