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A High Cost to Stop Inflation: Sink the Economy and Spark Unemployment

Mount Equity Group Tokyo Japan > News > Markets > A High Cost to Stop Inflation: Sink the Economy and Spark Unemployment

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Our government’s plan to beat inflation and lower prices is to damage our healthy economy and have somewhere around one million Americans lose their jobs.

Any volunteers out there willing to take one for the team and go without an income for a while so that the rest of us can get a better deal on a dozen eggs?

Monetary policy can be baffling. It’s the whole break-something-to-fix-it strategy. When you boil it down, the plan sounds bad enough, but then add in: 1) A possible recession that 2) could lead to even higher unemployment and 3) the risk of having to rebuild our economy — and you might begin to wonder, is this the best idea we’ve got?

Even more concerning: Following Wednesday’s…

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