📰 Source: youtube | misesmedia

✍️ Original author: misesmedia

⬆️ score: 1,572

The Fed wants to keep interest rates low so the government can borrow on the cheap. But bond markets are driving up interest rates as inflation isn’t going away.

0:00 Intro — Jonathan Newman on last week’s FOMC meeting 1:00 The 25 basis point hike, 3.75% to 4% 2:39 The Fed’s own projections, and why they’re always wrong 6:19 What “fiscal dominance” actually means 10:18 The 10-year above 5%, mortgages above 7% 13:52 The paradox: hiking rates makes the deficit worse 14:30 The Fed follows rates up and leads them down 17:34 Is the market signaling a higher natural rate? 25:44 “Biden inflation” and who actually printed the money 29:36 Why you can’t afford a house 33:39 Money printing as a heroin shot 36:59 The glimmer of hope: collapsing trust in experts

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