[the_only_turek_fan]

Originally Posted by HockeyIlliterate

The economy is fundamentally broken.

Wages at lower-end jobs are so low that hiring and keeping employees is near impossible, housing prices are unaffordable for new buyers, interest rates are so low that they are harming the retired, disincentivizing savers, and essentially forcing people into the stock market, and prices are rising at and to levels that harm most of the population in at least one way, from not being able to afford food to paying thousands “extra” for transportation.

My proposed solution?

Raise interest rates a la Volker and stop asset buying immediately.

It will (or should) cause the housing market to cool and the stock market to drop, but the era of cheap money has to end and the supply of excess dollars needs to decrease in order for inflation to come down.

And cause a bad recession.