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Daily Discussion Thread: ☕ Wed 31 Jan 2024 (aussie.zone)

submitted 9 months ago by CEOofmyhouse56@aussie.zone to c/melbourne@aussie.zone

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Happy international Hot Chocolate Day 🔥🍫

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[–] SituationCake@aussie.zone 6 points 9 months ago

Ok, so inflation’s too high and then interest rates go up to curb spending, and now spending slows and the economists are complaining we are not spending enough. I believe the translation is: the rich people wanted to keep wages low because more profit, but also please keep buying stuff from us because more profit. Is that it?