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How out of touch are these people?

How out of touch are these people? | IF OIL REPRESENTS 3% OF GDP AND OIL PRICES DOUBLE, THEN THAT IS 6% INFLATION BUILT IN. THAT MEANS INCREASING THE FED RATE WON’T HELP MUCH. THAT ONLY WORKS IN A FREE MARKET. | image tagged in hide the pain harold,economy,politics,government corruption,global warming,joe biden | made w/ Imgflip meme maker
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1 Comment
Graeystone
1 up, 3y
And that doesn't get into gas taxes. Some states tried to put a halt on gas tax but it didn't do anything. And you're right, free market is the way out along with getting government to back off. They're try to 'fix' a problem this is best left to legit businesses and consumers.
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IF OIL REPRESENTS 3% OF GDP AND OIL PRICES DOUBLE, THEN THAT IS 6% INFLATION BUILT IN. THAT MEANS INCREASING THE FED RATE WON’T HELP MUCH. THAT ONLY WORKS IN A FREE MARKET.