Bloomberg/William Horobin/5-23-2022
“Raising interest rates is not going to solve the problem of inflation. It’s not going to create more food. It’s going to make it more difficult because you aren’t going be able to make the investments.” – Joseph Stiglitz, Columbia University
USAGOLD note: So where does this leave us? We are reminded of Keynes’ realization late in life. “I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.”
