bluethrunthru
Well-Known Member
THE NASTY PARTY
Is increasing interest rates really the best thing to do to bring down inflation? The theory surely is to reduce spending and suppress demand, but demand is already suppressed by the cost of living (inflation) that's nothing to do with an unsustainable boom.
Tory plan is to get a six month period where things are steady lined up for before the next election. It's only after that interest rates will start kicking in for most people with mortgages. It will be a profound shock. It'll go downstream for people in rented accomodation. Only then we'll really discover the true cost of this approach.Is increasing interest rates really the best thing to do to bring down inflation? The theory surely is to reduce spending and suppress demand, but demand is already suppressed by the cost of living (inflation) that's nothing to do with an unsustainable boom.