The only reliable tool is a return to free markets. As long as governments create and manage currencies, inflation will always be with us.
Inflation is created politically and monetary policy follows political will.
It works the same way it does when a family takes a cut in income but continues to expand its lifestyle by borrowing more and more money. That ends when they pass their credit card limits and start getting turned down for loans.
The difference is that the government has no such limit on how much it can borrow.
An ostensible reason is given. To date, there has never been an economic intervention that has not harmed markets and society.
Given that the national debt in the US has surpassed the $36 trillion mark, what measures should be taken to tackle this situation?
The only way to deal with this is to reduce government spending. Citizens would have to determine that they are better off making decisions for themselves and manage most of the risks they face in life privately. As it is, our leaders spend money in order to accommodate their contributors interests at the determent of the country as a whole.
Rigged is too gentle of a description. Need a better GDP number? Fine, just increase government spending. Need an even better one? Great, just print more money and give it to billionaires. Form more public private partnerships, then lavish them with Federal money etc.,,,,,, which
Always study the forces in nature which make the numbers what they are
he only way to deal with this is to reduce government spending. Citizens would have to determine that they are better off making decisions for themselves and manage most of the risks they face in life privately. As it is, our leaders spend money in order to accommodate their contributors interests at the determent of the country as a whole.
How is the US economy growing when its national debt is increasing every year? It works the same way it does when a family takes a cut in income but continues to expand its lifestyle by borrowing more and more money. That ends when they pass their credit card limits and start getting turned down for loans.