Lower the inflation rate.

Lower the inflation rate.

8 have signed. Let’s get to 10!
Started

Why this petition matters

Started by Ethan Pham

In the year 2021, the inflation rate hit a 30 year high with a whopping 6.2%. Inflation, if left unchecked, could lead to economic instability and eventually political instability. We need to take advantage of the US's monetary policy. If interest rates were to increase, the cost of borrowing would increase. Though that sounds like a bad thing, people having less money to spend, in the long run, it's beneficial. When people have less money to spend, there would also be a decrease in the amount of money circulating which would then increase the value of money in the US.

8 have signed. Let’s get to 10!