At some point, things break if he keeps raising rates? #[0]
Discussion
Things are already broken... Bank run on SVB, silvergate looking like it will go down....
But these people don't give a shit. We have a incentive alignment problem. The decision makers don't pay the price when they make bad decisions.
They are only incentivised to line up their pockets.
We need to get rid of them all.
Most likely yes. He either raises rates too high for too long and breaks the economy or doesn't raise them high enough and inflation is embedded for a decade or more like the 70s/80s.
Which is why Keynesian economics are a load of shit and Bitcoiners opt out after learning about Austrian economics