Comments by "Grim Affiliations" (@grimaffiliations3671) on "How the Fed Steers Interest Rates to Guide the Entire Economy | WSJ" video.

  1. Raising interest rates will not do anything about the chip shortage, or the zoning laws that reduce housing supply, or corporations abusing their market power, or climate change driven failed harvests, or a supply chain weakened by deregulation or the monopolization of certain sectors. In other words raising interest wony do much about inflation, and will actually make it worse in the case of housing
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  2. Telling the fed to control inflation but only giving them the power to raise interest rates is like telling someone to fight mold in your house but only giving them a grenade
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  3. If our currency were pegged to gold, America would lose all its monetary sovereignty and face constant crisis like greece
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