Is the Fed Tightening the Federal Funds?

Liy: The fed has raised extremely short term rates from point zero eight % in mid march to point eight three % in late may. But what if price inflation is raging so much that actually the real interest rate is dropping aso amissus, i'm not fully satisfied one way or the other but we can certainly ask the question and answer it in terms of mechanics. Liy: In inter war germany, a lot of economists were trying to understand why their currency was collapsing with incredible rates of price inflation. And apparently some economists thought, well, couldn't be the right banks policies. They have interest rates, or historically high level. So that's a very tight policy