
215 - Are interest rates the solution to inflation?
The David McWilliams Podcast
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Can the Fed Really Get the Rate of Inflation Back to 20 %?
The andi think they can get interest rates back to where they were before the pandemic. That if they try to go, you know, really far beyond that, then,. you know, that's when the squeeze is going to really be felt in the economy. Because there's much more corporate depth than there was a decade ago or 20 years ago. And once you get interest Rates back to wherethey were before, you're already looking at debt servicing costs from most companies in the us. Which are at record hides. All of these companies just aren't profitable at all. So let us oly get plenty o talking about bankruptcies and unemployment. The other two constituencies that central banks
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