Photo by Tanja Cotoaga on Unsplash

The Fed’s Dilemma

Even more stuck between a rock and a hard place

I’m not sure the Fed is the right entity or owns the right tools to slay the current inflation dragon. To a large extant, it is responsible for what’s going on right now. In a previous piece from last summer, I wrote:

Deficits and large government debts matter — in the absence of a demonstrated history of increasing taxes to…