When Money Becomes Political
Let's be clear: this strategy of raising interest rates works because it depresses overall commercial activity. As rates rise, industries cut back on investment, consumers curtail the amount they purchase, and eventually, prices stabilize, but in a much weaker overall economy. That's why when these rate hike strategies begin, they're almost always followed by a Recession (a more fragile economy).
More episodes from David Reavill
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However, at this point, a puzzle emerged. Some more enterprising analysts noticed that the Gross Domestic Product did not equal the Gross Domestic Income (GDI). While the Product advanced …
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However, at this point, a puzzle emerged. Some more enterprising analysts noticed that the Gross Domestic Product did not equal the Gross Domestic Income (GDI). While the Product advanced …
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December 23rd, 2023, will mark the 110th anniversary of the Federal Reserve Board. Created before credit cards, before electronic funds transfer (EFT), before instant communications and the …
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