In practice, as our friend Parker Lewis points out, the demand destruction theory is structurally flawed because it fails to factor in the effect rapidly rising interest rates has on the supply side of things.
Discussion
It's like slowing down a car by removing the oil drain plug. The engine will eventually cool off.
Well done sir.
Be vigilant, stack sats and bacon. Work hard and pray hard. We shall prevail.
How? Isnβt that the entire issue with inflation?
Supply side costs are out of control and pushed on the masses.
Donβt attribute ignorance where there is obvious malice.
Central banking - not even once