Do NOT be fooled by the "FED" (FRS) increasing Interest Rates as "Slowing Inflation"
I think there are likely a few rare gems of Economists out there who have probably spoken about this one way or another, but the Fed seems to have everyone convinced that the way their "system" or even their relationship with the Treasury works in some sort of fashion that by increasing Interest Rates (the overnight lending rate, specifically) has an effect on lowering or eliminating inflation, as lately they have been suggesting scares or possibilities of eventual "Rate Hikes". This couldn't be further from the truth of how the system works! For starters, you cannot eliminate inflation by "slowing it" by any means, because Inflation means excess Liquidity in the system. Inflation can only be ultimately resolved by removing the actual Liquidity in the system, which means that economic activity is in danger of freezing up and money from the system vanishes. It's like taking a bucket to pull the water volume out of a pool. Increasing interest rates, ...