The Fed’s Plans To Slow Inflation Will Kill The Economy: Is A Recession Inevitable?

This segment of What’s Ahead examines a pernicious idea that has a vise-like grip on Federal Reserve policy and is widely accepted among economists and policymakers.

The notion is that the economy is similar to a machine that can be guided, such as an automobile. Hence, the Fed-speak of an economy “overheating” or needing stimulus because it’s not growing fast enough.

The belief that a handful of people in Washington can constructively drive the activities of millions of people making billions of buy-and-sell decisions each day is beyond preposterous. The Fed is now trying to engineer a slowdown because of its belief that too much economic activity causes inflation. Creating too much money that undermines the value of the dollar is the real cause.

This coming Fed-engineered recession is unnecessary.

From the late 1980s through the late 1990s, the Fed focused on the integrity of the dollar. It should do so again.

Follow me on Twitter. Send me a secure tip

Source link

Related posts

Stocks This Week: Buy The Australian Stock Market


Guía del paranoico para prepararse ante el peligro digital


ED documents illegal tax avoidance case in counterfeit Covid testing during Kumbh; conducts attacks


Leave a Comment