If nation-states die of corruption, cultures die of pornography, and civilizations die of anarchy. Just a thought.
The Fed containing inflation with intrest rates to the point of unemployment, is like treating pneumonia with blood letting. Try treating inflation by reducing the number of government employees. With weekly layoffs, the Fed could adjust the numbers of layoffs from week to week to achieve what higher interest rates could not. Newly ununemployed would be less willing to pay inflated prices. The Fed could thus achieve an end to inflation, and lower interst rates as well. A lower ratio of government employees versus productive employees in the private sector could be a plus as well.
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