I'm skeptical that interest rate hikes will curb inflation. I'm even skeptical that a recession will curb inflation.
We have significant shortages of so many products and services that people rely on and the only way I see the situation improving is if supplies increase, maybe dramatically. It's too difficult to curb demand for things like food and housing if the population is growing. Those are things we just need to make more of. And I don't think raising interest rates is going to spur housing starts or investment in production capabilities.
We have significant shortages of so many products and services that people rely on and the only way I see the situation improving is if supplies increase, maybe dramatically. It's too difficult to curb demand for things like food and housing if the population is growing. Those are things we just need to make more of. And I don't think raising interest rates is going to spur housing starts or investment in production capabilities.