Discussion about this post

User's avatar
Tim Young's avatar

I was not old enough to experience the angst that inflation caused in the 1970's, but I watched my parents still sometime act like inflation would come back well into the this century. I suspect the Fed is anchored to the 1970's as well.

Expand full comment
Peter Paul Santa Ana's avatar

Thank you Claudia. Fear drives people and institutions to make horrendous decisions always at the expense of the less fortunate. I concur the Fed should cut interest rates which had little effect on reducing inflation (monetary policy useless; fiscal policy highly impactful injecting currency into the economy where it can produce I.e., people, services and institutions that can resource accordingly). Having the global fiat currency rocks! Hard to believe we still suffer with antiquated fear practices instead of directing fiat currency, fiscal policy, that most benefits the US, all citizens and remain the economic lifeblood for the global economy. Makes my life in geopolitics challenging. Take care.

Expand full comment
28 more comments...

No posts