In the Eye of the Inflation Hurricane – Ep 855
The Peter Schiff Show Podcast
00:00
The Fed Is Making No Headway in Fighting Inflation
The surge in household debt shows that the Federal Reserve is making no headway in its fight against inflation. Consumers are just making up for their loss in real incomes by going into debt, says Julian Zelizer. What the Fed has to do is raise interest rates officially so that households stop borrowing and stop spending and save instead. That takes a demand pressure off of prices but higher savings means there's more investment capital available to expand supply.
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