Hmm know what else causes a recession/depression? People not being able to afford anything but food and therefore not having any purchasing power whatsoever to put back into the economy.

If wages continue to flatline and inflation continues to soar we are in for some very bad times.

https://www.cnbc.com/2023/02/24/the-fed-cant-tame-inflation-without-more-hikes-paper-says.html

h/t BoatSurfer600