Josh, I’m interested to hear your take on Stefanie Kelton’s viewpoint. As much of our inflation is being caused by supply issues, she has postulated that raising interest rates, while slowing consumer demand, would also deter companies from increasing capacity, furthering our supply issue and causing inflation to continue. Thoughts?
Inflation Was Zero In July. It Won't Stay There.
Josh, I’m interested to hear your take on Stefanie Kelton’s viewpoint. As much of our inflation is being caused by supply issues, she has postulated that raising interest rates, while slowing consumer demand, would also deter companies from increasing capacity, furthering our supply issue and causing inflation to continue. Thoughts?