The idea that printing trillions of dollars and raising interest rates would solve what is essentially a supply problem (not a demand problem) is sheer folly. We are led by buffoons.
The supply problem was caused by worldwide government shutdown.
There are two supply problems presently:
- too low a supply of goods generally, but especially energy, reaching the market, and
- yes, too much money printed (an inflated money supply) as a form of creating public debt.
Funny, it’s almost like this was planned from the beginning. Huh.