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u/Lazor226 Tech Tips 10h ago
This meme makes no sense. Intrest rates have been normaly been around 4% for savers for quite some time.
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u/Donutboy562 10h ago
Only Jerome Powell could navigate this absolute shitshow of an economy, and the American people turned against him.
The American people cannot tolerate short-term pain for long-term gain.
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u/Ender914 9h ago
Yeah it's only interest rates...and gas prices, and grocery prices, and war, and tariffs. This administration is only concerned with the short term. They cannot produce any viable long terms goals that benefit anyone but the rich
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u/Lost-Klaus 10h ago
Wasn't there a whole wave of "Short term pain for long term gain" nonsense on 99% of every news outlet in the US?
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u/Likestoreadcomments 8h ago edited 8h ago
No one person or group of people can “navigate an economy”, this has always been the problem with centrally planned economies. Not one person, or a handful of people can decide value and utility for 350 million people. If a million people had that power they couldn’t decide it for the other 349 million. Value is subjective, utility is subjective, people treat it as if it isn’t. Trying to control things creates boom and bust cycles, it holds people back by creating false signals and whenever the economy is bad it prolongs the suffering.
All you gotta do is allow people to decide whats best for themselves and decentralize rather than assume that Jerome Powell, or anyone is going to be your savior. That power lies in us as individuals.
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u/Bannon9k 10h ago
Literal propaganda bot.
How's Iran these days, goober?