The Fed Will Fix Inflation? Yeah, Sure …

The Fed Will Fix Inflation? Yeah, Sure …

The U.S. Federal Reserve Bank is hiking interest rates to reduce the currently high inflation rate. They also – sort of, maybe – stopped the money printing that causes inflation. Will it work? Will the Fed give up and reverse its direction? Economic crash, or hyperinflation, or both? Nobody, including the Fed, really knows. Huge impact on us normal folks. What if anything, can we do?

Is Our Economic System Collapsing, or Just Changing?

Is Our Economic System Collapsing, or Just Changing?

Much has been written recently about the “old normal” being gone and some kind of “new normal” replacing it. I have argued that the old normal refers to stability and predictability, with relatively gradual changes. COVID-19 definitely fried that world, leaving us in times of fast change, unpredictability, and chaos. So, what is next for the economy?