Quote:
Originally Posted by Fuzz
It's kind of the same as the "remove covid restrictions" crowd. They don't like reality, but they have no better solution. Sometimes they do what they have to do.
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The analogy here would be if a government said they would never ever impose covid restrictions or vaccine mandates no matter what. That would almost certainly reduce vaccine uptake/public health compliance, which makes restrictions/mandates more likely to be necessary to control the situation.
It isn't the act of raising interest rates that's the mistake, it was the promise not to do so.