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I dont get it. Prices are rising because fossil fuels are more expensive. How do interest rate hikes fix that?
by Raydovsky 4y ago
I dont get it. Prices are rising because fossil fuels are more expensive.
How do interest rate hikes fix that?
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- glofish 4y agoprices are rising because we want to use the same amount of fuel as before use less and the prices will be falling
- HPsquared 4y agoFlip the causality: fossil fuel (and everything else) prices are increasing because of an increased money supply. Raising the interest rate indirectly lowers the money supply. https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...
- othmanaba1990 4y ago