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[deleted] t1_j32801q wrote

Reply to comment by Malkovtheclown in US jobless claim applications fall to lowest in 14 weeks by AudibleNod

People who think the economy slowly recovering is worse than 'ripping the bandaid off' seem to be pretty ignorant to how economics work. Supply chains don't magically rework over night. Factories aren't built in a day. You can't just pack up all overseas manufacturing and plop it back at home AND hire all new workers in a timely manner.

People really don't understand the global shift currently underway. It's a good thing long term. There's no magic fix though.

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Malkovtheclown t1_j328m98 wrote

What I mean by ripping the band aid off, is the policy now is causing a slowing that only benefits those with enough cushion to survive higher inflation slowing down over time instead of a spike all at once. People who think slowing the economy is better for the masses probably aren't living paycheck to paycheck or think the stock market is the economy.

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[deleted] t1_j32dp7a wrote

Y'all think you can just avoid a recession by causing a depression. It's like avoiding a little war by starting a big one.

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Malkovtheclown t1_j32fgqb wrote

Who's y'all? Right now there is a lot of bracing for a recession, but it's not really going deep enough. Just waiting for people to get unemployed is not a great plan.

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[deleted] t1_j32gzsr wrote

People obsessed with lowering inflation. You can't just make more goods exist. There's 200m people in a war economy state in Europe. Until that concludes inflation is going to exist.

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Malkovtheclown t1_j32hv5u wrote

Rate hikes need to be increased not slowed down. That's not a supply problem. Thats a protecting stocks instead of people problem.

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[deleted] t1_j32jswt wrote

'that's not a supply problem'

Um yes it is. Most of our shortages right now are energy related thanks to Saudi Arabia lowering oil production at a time the world needs more on the whole.

World metal supply is really constrained too. So is the grain supply thanks to Russia hitting the Ukrainian farms. The entire world is needing to be fed. Prices go up. It's basic economics.

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Grouchy_Occasion2292 t1_j32a2cs wrote

It's not a slow recovery it's a slow recession. It's almost like you don't understand the analogy.

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[deleted] t1_j32ck20 wrote

Okay so we rip off the band-aid.

Now what? The economy crashes, supply chains stutter and halt (again) and goods become even more expensive and jobs dry up.

This isn't better.

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bshepp t1_j32bhrv wrote

The band aid being ripped off is inevitable.

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earhere t1_j32hb14 wrote

I don't even think economists know how economics work.

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