Opinion The FT View
US recession is a smaller danger than long-term inflation
The Fed needs to hold its nerve on tightening further
The editorial board
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Investors have spent much of this week puzzling over what this all means — edging up predictions for the future path of interest rates and for the chances of recession. But there is good news in some of it — it is hard to read the markets’ responses as indicating that investors think this ultra-high inflation is now a permanent feature of American life. The Fed has credibility. But it still needs to tighten further to justify that faith.
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I respectfully disagree.
The current 30T$+ national debt and the guesstimated 226T+ in unfunded liabilities that our posterity will have to deal with is inescapable.
The Russian “sanctions” over Ukraine have put the USA on a collision course to crush the U$D. (The fact that it’s the cleanest dirty shirt in the laundry is little comfort.)
For decades, responsible people have been pointing out that empires fall when their currency is debased. Why should the USA be any different?
We have kicked the can down the road and we can see the end of the road.
End the FED and return to sound money.
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Reinke Faces Life 