So as someone who believes in markets, I hate when government tries to engineer a soft landing.
As a human being I hate the idea of ripping off the bandaid and causing millions pain because “it’s more efficient”.
to that end, where do interest rate hikes stop? The math says rates need to be higher than inflation. If that’s where we are headed, why not just do a 400 bps hike and be done with it? (Wholesale pain across the economy is the answer)
as voters/citizens, what’s more important to you of the feds two mandates, full employment, or price stability? And how much of one would you want sacrificed for the other at the ballot box?
As a human being I hate the idea of ripping off the bandaid and causing millions pain because “it’s more efficient”.
to that end, where do interest rate hikes stop? The math says rates need to be higher than inflation. If that’s where we are headed, why not just do a 400 bps hike and be done with it? (Wholesale pain across the economy is the answer)
as voters/citizens, what’s more important to you of the feds two mandates, full employment, or price stability? And how much of one would you want sacrificed for the other at the ballot box?