The Fed Rate Hikes Are Not Stimulating the Economy

With debt to GDP, we are just going on a wild spending spree of deficit spending every time. Fed raises rates when the Fed raises rates. That's what they're doing. Right now, the deficit spending is something like 7% of GDP. It got enough to 15 for COVID, which was like World War II. But then it collapsed. As soon as people went back to work, they stopped collecting unemployment insurance. We had all these connoecyclical reasons why it all came down. So, if we left rates at zero, it would have been on the way to zero. Instead, it's 1.2 trillion in climbing.