First of all, just to lay some groundwork, the reason Congress is debating Raising The Debt Ceiling even though all the expenses and obligations in question is not some future-to-be debt but rather are expenses and obligations ALREADY incurred, The Problem is--there’s not enough money currently in the U.S. Treasury to pay these bills.
This “Perfect Storm” of Low Supply of Key Items–the raw materials and component parts that go into the manufacture and production of many things coupled with Excess Cash in the hands of both Business and Consumers leading to Price Increases for all these raw materials and component parts and ultimately for the finished goods and merchandise sold to The Consumer—This “Perfect Storm” of the “Worst of the Worst” of Coincidental “Gut Punches” leading to the Resultant Subsequent Compounded Inflation that we’ve had and are STILL experiencing!
Yes, as The Fed raises Interest Rates to Curb Inflation—The result of this action of Raising Interest Rates, Diminishing Demand by Increasing the Costs of Borrowing Money thereby Decreasing Purchases of Consumer Items such as Homes and Cars and for Businesses--Loans for Start-Ups, Ventures, Expansion and Equipment, can also help with Our Debt Ceiling Crisis!!
This is a discussion about The Fed BUT WITH A DIFFERENT SLANT. Everybody on the news circuit is talking about the interest rate hikes The Fed is implementing to curb inflation but no one is talking about JUST BTW--JUST WHAT IS THE OPTIMUM INTEREST RATE LEVEL?
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