■ - d1021の日記

Today's financial hardships stem from the Fed's decade of near 0% rates and QE.

These created a decade's worth of uneconomic investments. Every bad idea imaginable received funding.

Rising interest rates under Powell are the cure and road back to some form of economic sanity.
— Ron Paul (@RonPaul) May 6, 2023

But all of the bad investments piled up since 2008 become exposed. And as much as a “hangover” after the consumption of too much alcohol is painful, so is it painful when a fake prosperity crashes with economic reality.
— Ron Paul (@RonPaul) May 6, 2023

Of course, there are calls to turn the printing presses back on. But “turning the machines back on” will just perpetuate the original problem and make a future economic crisis even more catastrophic!
— Ron Paul (@RonPaul) May 6, 2023

The Fed shouldn’t exist. It's unconstitutional & immoral. It has no business fixing rates in either direction, or counterfeiting even a single dollar. But rising rates are not the source of our problems. The big blunder was 0% rates and QE. That made today's hardships inevitable.
— Ron Paul (@RonPaul) May 6, 2023