@atrupar.com A recession is likely to follow. Spikes in oil prices have produced those. And, in fact, inflation is likely to follow, when the Fed tries to head off that recession, by boosting the money supply.
@atrupar.com A recession is likely to follow. Spikes in oil prices have produced those. And, in fact, inflation is likely to follow, when the Fed tries to head off that recession, by boosting the money supply.
@atrupar.com Lutnick is obviously a moron. But there's a technical distinction worth making between prices rising because the money has become less valuable (= inflation), versus prices rising because the thing has become more expensive to produce.
To a consumer they look similar, but they're different.
@bouchecl.bsky.social At least Illinois would be okay. Not the Northeast, though.
@amerpie Sadly that's a crime that could get you sent to prison (for way longer than punching almost anyone else in the face).
@sockynoob.bsky.social I thought the Great Lakes were the Fresh Coast.