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.
There are more things in this World Horatio, than are dreamed of in your philosophies Shakespeare Definitions from Oxford Languages · Learn more: adjective relating to existence. "The climate crisis is an existential threat to the world." PHILOSOPHY concerned with existence, especially human existence as viewed in the theories of existentialism. "The existential dilemma is this: because we are free, we are also inherently responsible." LOGIC (of a proposition) affirming or implying the existence of a thing. the existential proposition that truth and reality are constructed fictions" Even physicists struggle with truth. Reality in the laws of physics repeatedly give way to new findings. The James Webb Telescope finds galaxies beyond the time and space of the established Universe. Anthropologists find evidence of civilizations earlier than documented history. What is truth? The use of the word existential as a syndrome for virtual truth begs the question o...
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