Billionaire hedge fund manager argues for increasing immigration to fight inflation | CNN Business

New York CNN Business  — 

Bill Ackman, the billionaire hedge fund manager and activist investor, has an alternative idea to fight inflation: Increase immigration.

He criticized the Federal Reserve’s interest-rate hikes in a series of tweets Thursday and Friday as a blunt tool that will destroy consumer demand and trigger a recession.

“Inflation can be mit igated by reducing demand and/or by increasing supply,” tweeted Ackman of Pershing Square Capital. “Doesn’t it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession?

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

How to Build a Powerful, Results-Driven Media Relations Campaign By Utilizing Data

Opinions expressed by Entrepreneur contributors are their own. In today's world, data is everything. A data analyst for Centogene once said, "Data...

How Startups and Small Businesses Can Address Climate Change in the Workplace

Opinions expressed by Entrepreneur contributors are their own. As the narrative around climate change shifts from the responsibility of the individual to...

8 Must-Have Leadership Qualities for Workplace Success

Opinions expressed by Entrepreneur contributors are their own. Most people view a successful entrepreneur as a natural-born leader. While some successful entrepreneurs...