Money velocity is the big issue here. Just look at the electricity crisis. Private companies cutting off credit/supply. No government can manage the problem without using inflation methods.
Government issued inflation is the only way to get the economy moving again. Rising interest rates just means more spending required to keep the bicycle from tipping over. At some point the government needs to regulate housing credit and more the game over to another industry/sector.
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Money velocity is the big issue here. Just look at the...
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