“So cut spending? Print more money?”
They can do both, for all I care, but interest rates have to be higher, regardless.
“There is no easy solution! Time for easy remedies is long gone.”
You’re correct and many of the patients in the US economy, that have been babied and coddled aren’t going to like the medicine.
But Dr Jerome Powell is coming and they won’t have a choice.
I agree. I am ready to tighten my belt. How about the majority of Americans who are used to the easy life?