The Fed's Decision to Lock Down the Economy

"The US economy is so screwed up. It's so fundamentally flawed," he says. "How do you take away everybody's paychecks when that's all they've got?" The ECB raised interest rates today 75 basis points up to one and a half percent, but its inflation rate is nine-and-a-half percent. How is that going to stop inflation? Meanwhile, they're still printing euros, but they're not printing nearly as many as the Fed is printing dollars."