Club FED. Clueless as ever.
- Created: Wednesday, 21 September 2022 09:06
- Written by JoeSeppi
The "Federal Reserve" continues to serve up interest rate hikes in a manner that reminds one of a "solution searching for a problem".
Raising rates as a solution to inflation clearly does not solve the alleged inflation problem. It would seem instead to be a contributor to what is being called inflation, which in this iteration is a largely self inflicted problem.
The rising prices today are largely a result of "greed", opportunistic price gouging on the part of producers, distributors and retailers.
The Fed today is a prime example (ahem) of the "Peter Principal" at work.