The Fed Has Already Lost the Inflation Fight – Ep 807
The Peter Schiff Show Podcast
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The Fed Is Raising Interest Rates, and Consumers Are Borrowing More
Consumer credit grew by a record 52 point four billion dollars in one month. The fet is supposedly trying to fight inflation by reducing demand. Instead, credit is more plentiful than ever. People are borrowing the money, they're just paying more interest to do it,. and they're spending as freely as ever.
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