Your periodic reminders that Keynesians are deranged sociopaths who genuinely think you can lower inflation by raising unemployment among poor people & ruining their lives instead of just not printing money & handing it to rich bankers.
Semi unrelated thought: this whole situation has reinforced my skepticism in upgradable Proxies. Bancor upgraded their contracts to disable withdraws right before their announcement so nobody could react. It completely breaks the trust and immutability promise of smart contracts.
The President is lying again. This rate is achieved by including unrealized gains as income. It says so right in the study. Unrealized gains are not income.
While we struggle to afford food and fuel, the elite gathered at Davos/WEF to discuss how we should be allowed to live our lives. Their totalitarian dream of a so-called “Great Reset” where people own nothing and are tracked/monitored with every step, must be condemned by us all.
Lagarde on Bloomberg. "Inflation is caused by supply side".
Inflation in Switzerland with same supply issues, 2.4%
Eurozone inflation with monster money printing, 7.3%