> they can't lower rates because inflation > they can't raise rates because default checked and they don't control the long (important) end anyway, never have. they can dick around with the short end but all that does is make the curve even steeper. real purchasing power is going to continue to take it in the ass, the choice for "our" "leaders" is whether they want to control how it happens and fix things in the long term or yolo it and skim as much as they can before it completely explodes. so far it's been the latter.
United States