“Do you think raising interest rates to slow the economy and then getting a slow economy is a free market?”
Do you think lowering interest rates to cause the subprime debacle, then raising them, then lowering them to cure the subprime debacle, sounds like anything but lunacy? A sound money requires fixed rules, not monkey boy games by the Fed.
The Fed creates problems by raising rates too high and then lowering them too low. They need to stop managing the economy with interest rates and incorrectly blaming the economy for inflation.