INFLATION IS A RUSE TO ENABLE SOCIOPATHIC GREED

E. Henry Schoenberger Shaker Hts. Ohio 37m ago https://www.nytimes.com/2024/04/12/business/biden-inflation-strategy-trump.html#commentsContainer&permid=132494392:132494392

The price of housing as a component of CPI is disproportionately high which distorts the rate of “inflation.”  And price gauging to fuel profiteering is not subject to being influenced by Powell’s OCD focus on interest rates. Think about the untoward huge increase in profits for big food, and big food stores.

Has anyone with the Fed explained logically how raising interest rates, applying “monetary” policy without applying “fiscal” policy in tandem, as it was originally postulated – actually works?

Has the Fed analyzed the financial devastation resulting from usurious rates on credit card consumer debt, or variable mortgages, or on renters in large multi-family apartment complexes owned by real estate private placements, financed with a Libor base rate?

Have economists rethought the present in its own terms or read Nietzsche’s “The Use and Abuse of History?”