The Fed Brought a Knife to an Inflation Gun Fight - Ep 873
The Peter Schiff Show Podcast
00:00
The Fed Is Losing the Battle Against Inflation
Everybody wants to pretend that it's strong but the surge in credit card debt proves how weak this labor market is. Inflation is not just an expansion of the money supply it's also an expansion of credit because credit gives you purchasing power. Credit helps fuel demand so if credit is expanding that's also inflationary and that's what's happening. The Fed was really making headway in fighting inflation. Consumers would be borrowing less credit card debt would be going down."
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