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US interest rates raised for first time in three years

121 points · 126 comments · higginsniggins

  1. aurareturn · · focus · HN ↗
    This administration wants lower rates. Also this administration does everything it can to increase inflation such as tariffs and starting another endless war in the middle east.
    1. DarkmSparks · · focus · HN ↗
      The administrations choices are fairly binary now.

      Inflate away the $40Trillion+ debt they can never pay back

      Or

      Hard default on the debt, and be the one holding the hot potato as the union breaks up.

      Fed is trying to thread the needle between the two and keep the music playing as long as possible.

      1. grey-area · · focus · HN ↗
        There is one obvious choice here, the policy is inflation and always has been.
        1. iririririr · · focus · HN ↗
          yet many "third world" countries managed to pay their debts just fine. some even more than once in recent history.

          American exceptionalism even in failure?

          1. RussianBot9580 · · focus · HN ↗
            How is it failure? You use your military to force trade to occur using your tokens. You control the supply of said tokens. You leave some other loser holding the bag for your debts. You win.
            1. iririririr · · focus · HN ↗
              Because they cannot force the world to buy their meme token anymore. Either they pay up and joing the world being a good credit-score conscious citizen or they get the boot.

              And people still think they don't have a political choice because it is impossible to pay it up. You are all alienated and going to the double down disaster.

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