Lowering the interest rate by 25% has nothing to do with “stimulating growth, supporting labor markets” or any of the other bullshit PR lines Powell is forced to recite at press conferences. The real problem is debt and it’s too big to be paid back.
Policymakers do what every empire on the verge of fiscal reality has always done: they inflate the debt away and hope no one notices until the damage is irreversible. It’s historically reliable, and it requires no politician to take responsibility. Inflation isn’t a policy failure anymore. It’s just policy.
Read in ZeroHedge
