Throwing the Fed’s Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy

According to Federal Reserve minutes from last month, Fed officials expressed a willingness to push ahead with a tight interest rate stance to eradicate the inflationary menace. For most commentators, inflation is seen as a general increase in the prices of goods and services, so raising interest rates will soften the increase in prices.

Interview with Professor Georg Oesterdiekhoff

Georg Oesterdiekhoff has taught sociology at the universities of Aachen, Erlangen-Nuremberg and at the Universidad Nacional de Colombia in Bogotá. He has written or edited 30 books and has published about 100 journal articles. His work has been covered in leading journals, such as the American Journal of Psychology, Journal of Social Sciences, Anthropos: International Review of Anthropology and Linguistics, Physics International, Human Evolution and other reputable publications.