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The Fed's Interest Rate Increases and Inflation
Do we blame the Fed for extending free money called quantitative eating past the original deadline with the effective enriching Silicon Valley, creating a private stock market for the elite and causing this scandalous inflation? I'm not saying it feeds directly into inflation but it certainly didn't help. The thing about it is if you go I've got I did a slide the other week and it shows the feds interest rate hikes this unprecedented hike from zero to like 5.5 right now. If you put that on a 40 year scale you can hardly see it and it's not even that high during the 1980s with 8% interest you're nearly early 1990s with 6% interest so yeah they did do it