There is no question that the Fed miscalculated. On the other hand, history has shown that you still have recessions, even when you don’t have central banks. At least this way, there is a limit to what can go wrong, and how bad it can get.
“At least this way, there is a limit to what can go wrong, and how bad it can get.”
Really, how?
Price and wage controls?
Ha ha ha ha.
Expect shortages of everything once that comes.