Recession Rears Uglier Head Than Inflation – Ep 821
The Peter Schiff Show Podcast
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Would It Be Helpful if We Cut Government Spending?
Powell admitted that he is focusing on restricting demand. That these rate hikes are signed to reduce consumption, to reduce spending by increasing the cost of borrowing. Pal is hoping to influence demand, to bring demand down in line with supply. And that's how you control inflation. While another way to control inflation is on the fiscal front. You can try to reduce themand with monetary policy. And you can also try to reduce it with fiscal policy. But clearly, the government doesn't want to do its part in reducing inflation. It just wants to blame third parties for inflation.
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