29
The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy
(www.ineteconomics.org)
this post was submitted on 30 Jun 2024
29 points (96.8% liked)
chapotraphouse
13473 readers
1 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Vaush posts go in the_dunk_tank
Dunk posts in general go in the_dunk_tank, not here
Don't post low-hanging fruit here after it gets removed from the_dunk_tank
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The stress in the Global South is causing their governments to destabilize, the recent events in Kenya were a direct outgrowth of high interest rates. Eventually this situation will reach a point that these countries start to collapse or have their governments overthrown by anti-Western forces (like has happened in several ECOWAS countries)
This can't continue forever.