The presumes the Fed's monetary policy works, which is rarely does. It is a myth to believe the Fed can pull the levers of the economy. Economists who live in the theoretical world think that but it rarely is the case. The Fed cannot make banks lend.
We are heading towards a global recession. The US is not going to be excluded. We have a situation where the economy is slowing yet the war drums are being beaten. War is inflationary.
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The presumes the Fed's monetary policy works, which is rarely does. It is a myth to believe the Fed can pull the levers of the economy. Economists who live in the theoretical world think that but it rarely is the case. The Fed cannot make banks lend.
We are heading towards a global recession. The US is not going to be excluded. We have a situation where the economy is slowing yet the war drums are being beaten. War is inflationary.