Raising Interest Rates Does Not Counter Inflation

According to minutes from the US Federal Reserve’s April meeting, a majority of officials thought that higher interest rates may become necessary to combat a resurgent inflation. According to the minutes, a majority of the participants highlighted that “some policy firming” would likely become appropriate if inflation were to continue to run persistently above the Fed’s 2 percent target.

But would a higher interest rate stance counter inflation? The key here is the definition of inflation.

Nothing should be nationalized

Democrats and Republicans have been arguing over the issue of election integrity ever since Donald Trump lost to Joe Biden in the presidential election of 2020. A key feature of this debate is the question of whether illegal immigrants are voting in American elections. Many Republicans maintain that significant numbers of them are indeed voting in our elections. Their real concern, of course — Republicans being Republicans — is that illegal immigrants supposedly vote overwhelmingly for Democratic candidates.

Bills and orders