Comments by "Grim Affiliations" (@grimaffiliations3671) on "Turkey's Crazy Inflation Problem - What the Hell is Happening with the Lira?" video.

  1. Raising interest rates would be terrible considering the inflation is in specific areas and isnt being caused by general overheating. It would actually worsen inflation. For example, inflation in the housing market is one of the biggest causes of current inflation, and increasing supply would really help ease that. But the construction industry is one of the most sensitive industries to rate hikes. So raise rates and you can forget about increasing supply
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  2. There isnt general overheating. The inflation in the US is in specific areas and with specific causes. It's almost all in used cars, housing, food and gas. Inflation in used cars is being caused by the chip shortage. With housing its being caused by covid migration and limited supply due to zoning laws. With food it's because of the monopolies that exist in the meat industry. And with gas it's because of the oil price increase as a result of the war
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  3. Because raising interest rates wont ease current inflation, it will actually make it worse. Interest rates should only be raised if their is general overheating of the economy, The Inflation we're seeing currently is only in specific sectors
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  4. The inflation isnt being caused by general overheating. It's being caused by pandemic and supply related issues in specific sectors. Specifically in Used cars, food, gas and housing. Used cars is obvious, the chip shortage is causing that inflation. With food its being caused by the monopolization in the meat industry. With housing it's being caused by covid migration and limited supply due to zoning laws. And with gas it's due to the increase in oil prices because of the war
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  5. The inflation we're seeing in the US isnt from the stimulus checks
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  6.  @seadkolasinac7220  not talking about turkey
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  7. Its mainly being caused by pandemic related supply side issues
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  8.  @seadkolasinac7220  I was referring to the US
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  9. The US is already seeing inflation in specific sectors due to pandemic related supply problems
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  10.  @eternalv10killa  yeah, some grain and corn prices are up too due to climate related failed harvests and the conflict in Ukraine. And yeah, spikes in oil prices associated with the war will affect all goods due to the higher cost of transportation. But the important thing to remember is that these are specific areas, this isnt a case of general overheating
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  11. Fixed interest rates put your country in danger, floating exchange rates give your country the monetary flexibility to avoid crisis
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