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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. trescenzi · · focus · HN ↗
        Or you could, you know, raise taxes. There’s policy solutions to these problems they just happen to be painful in a way that is easier to point to.
        1. sh0gg0the · · focus · HN ↗
          You could also reduce spending on military. The U.S. accounts for 42% of the global military budget. Virtually every empire in history has fallen due to overspending on an excessively large military.
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