The Fed Can't Control Inflation Without Massive Debt Relief

The Fed Can't Control Inflation Without Massive Debt Relief




In the second week of December, the Bureau of Labor Statistics reported that the price of almost everything (except plane tickets) went up dramatically since 2020. This price inflation has hit food, housing, gas and other essentials at a clip not seen since “stagflation” in the 1970s and early ’80s.
The difference now is that we’re fighting with our hands tied behind our back, because meaningful interest rate increases – which are kryptonite for inflation – are currently impossible.
How Did We Get Here?
In times of high inflation, the Federal Reserve usually raises interest rates. This limits…



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