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The Great Depression was a huge expansion of government that has never receded. If the current Federal Reserve moves to tame the inflation by contracting the money supply and raising interest rates left on this track, a recession or depression would likely follow. But here is the problem we face: Consumers can't stop spending...
Therefore the question of this week's Bygone Relics show is this: Which pain is next? A recession or high inflation? Or, is there a third option we hadn't thought of? C Thomas answers.
The Great Depression was a huge expansion of government that has never receded. If the current Federal Reserve moves to tame the inflation by contracting the money supply and raising interest rates left on this track, a recession or depression would likely follow. But here is the problem we face: Consumers can't stop spending...
Therefore the question of this week's Bygone Relics show is this: Which pain is next? A recession or high inflation? Or, is there a third option we hadn't thought of? C Thomas answers.