Nobel Prize winning economist Paul Krugman has weighed in on inflation, dismissing its importance or impact on average Americans while also calling future Fed increased interest rates unnecessary. This, of course, signals that interest rate speculation is probably underestimating how far up it may go, even at double current projections. The target interest range is 1.5-1.75% and speculation is around 3.5%, but many of his critics are pointing out that if actual inflation is sitting between 9% and 15%, even 3.5% interest won't be enough to slow down the potential debt fueled economic crisis.
Inflated Intentions
Inflated Intentions
Inflated Intentions
Nobel Prize winning economist Paul Krugman has weighed in on inflation, dismissing its importance or impact on average Americans while also calling future Fed increased interest rates unnecessary. This, of course, signals that interest rate speculation is probably underestimating how far up it may go, even at double current projections. The target interest range is 1.5-1.75% and speculation is around 3.5%, but many of his critics are pointing out that if actual inflation is sitting between 9% and 15%, even 3.5% interest won't be enough to slow down the potential debt fueled economic crisis.