How To Control Inflation

Right now the Federal Reserve continues to increase interest rates. They claim that this is how to control inflation. In fact, that does act to curb inflation. The simplest explanation of this is that increasing the interest rate means increased borrowing costs, which reduces consumption.

There is a major problem with this. It also leads to what they claim is the risk of recession. They ignore the fact that, by economic definition, a recession occurs when GDP declines for more than two successive quarters. We already meet that definition. For most Americans, we define a recession as

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Russell Meyers For President 2024

Russell Meyers For President 2024

396 Followers

I am running as an Independent for US president in 2024. Peace, Humanity, Prosperity for ALL Americans.