Matt Davies for September 26, 2022

Too bad the Fed is acting as if inflation was wage driven, instead of profit driven.

Robert Reich suggests that this isn’t the correct way to attack this particular inflation. Because it only works when the inflation is market driven… when it fact, he says, it’s driven by a lack of competition. Which the Fed can’t do anything to correct.

I fail to see how making things MORE expensive is going to bring down prices.

On the other hand, my IRA is finally making more than a couple of dollars a year from the non-existent interest rate.

The landing, when the balloon breaks, is REALLY going to hurt Uncle Sam. There’s GOT to be a better way!

Evidently, the FED’s aim is a bit off.

As usual this goverment capping the well after the kids drowned

Kill or cure. We don’t really have a remedy for inflation that doesn’t have severe side effects.

how much have hard working people have lost in there 401 k to bring the price of bread down 10 cents

Much better than the UK where the new PM is cutting taxes to battle inflation

Under the circumstances, COVID, broken supply and demand chains, the Ukraine war, and OPEC holding production down, and excessive GDP growth, eight and a half percent inflation is not bad at all.

wish he was using the ‘nasa dart’ – going to hurt and its missing the target.