Lionel Shriver Lionel Shriver

The real plan for inflation? To let it rip

issue 25 June 2022

Check out these hyperventilating headlines from last week: ‘What the Fed’s largest interest rate hike in decades means for you’ (PBS.org). ‘Federal Reserve interest rate hike opens new era for economy’ (Washington Post). ‘The Fed delivers biggest rate hike in decades to fight inflation’ (National Public Radio). ‘Fed goes for inflation’s jugular with 75bps rate hike’ (Schwab).

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