this post was submitted on 21 Mar 2024
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Anybody who thinks the best way out of a recession is austerity measures needs to have their heads examined.

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[–] Jaysyn@kbin.social 12 points 7 months ago (4 children)

Fucking morons.

It's almost like when you vote conservative & you get what you deserve for voting conservative.

[–] metaStatic@kbin.social 7 points 7 months ago

the conservative position is that government doesn't work so when they get into power they try to prove that position correct.

[–] WaxedWookie@lemmy.world 3 points 7 months ago

Which is fine - the problem is that everyone else has to live with the consequences of others' stupidity.

[–] hanrahan@slrpnk.net 2 points 7 months ago

"I did not mean that Conservatives are generally stupid; I meant, that stupid persons are generally Conservative" - John Stuart Mill

[–] HappycamperNZ@lemmy.world 1 points 7 months ago

Pushing down GDP, including to negative, by increasing interest rates is literally the mechanism used to combat inflation.

We are coming off massive inflation and resulting cost of living increases due to covid and global pressures - no one who has even a basic understanding of GDP and inflation sees a problem with this.