alt Hacker News> don't know how this ends without a deep, long recession
The same way Powell ended the last one without a deep, long recession.
> don't know how this ends without a deep, long recession
The same way Powell ended the last one without a deep, long recession.
You mean with the greatest wealth transfer to the wealthy in history that added a quarter to our entire national debt? Yeah, you can't do that often.
The US national debt is about to hit $40 trillion. It was $20 trillion 9 years ago.
What Trump and Biden should've done is implemented a windfall profits tax of probably 80%. But there's absolutely zero chance of that happening by either party.