Hughesair (Inflection Point)

Retired physician and air taxi operator, science writer and part time assistant professor, these editorials cover a wide range of topics. Mostly non political, mostly true, I write more from a lifetime of experience and from research, more science than convention. Subjects cover medicine, Alaska aviation, economics, technology and an occasional book review. Globalization or Democracy documents the historical roots of Oligarchy, the road to colonialism and tyranny

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Location: Homer, Alaska, United States

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Saturday, April 06, 2024

Inflation

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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