There is only one way to stop inflation and that is to produce more goods.
Increased production also results in more jobs, job security and an all around better life.
Raising interest rates creates job losses, much lower living standard nd misery for most.
The federal reserve is a scam.
Wu-flu should have taught the voters a lesson. That it did not will destroy our nation.
“There is only one way to stop inflation and that is to produce more goods.”
Nonsense!
Inflation can be stopped very easily. Simply tax all personal net income above $1 million (except Medicare sourced income so doctors will not stop working) at 100% until the CPI has not increased more than 6% in the prior two calendar years.
Every CEO paid more than $1 million will fight like a tiger to hold the line on wages and salaries and only agree to essential supplier price increases.