[DisjointedHunt]

A big issue at the core of this phenomenon is the Fed funds rate and access to capital.

It has never been clear to me how having a single universal funds rate for the entire economy would prevent this very scenario of diverging fortunes between those with large capital reserves and those without. In the name of fighting inflation, small businesses now struggle for access to cheap credit and have been under stressful conditions for years now while richer American entities continue to bid up prices of luxury items and average home prices. The reality on the ground is far more dire than what the headline metrics show as we see an entire generation push up average duration of long term credit like car loans or home loans and thus set themselves back from otherwise needed population milestones by a decade or more right now.

The old cliche about "The first Million dollars is the hardest, but the next Million is an eventuality" comes from this very phenomenon we're seeing.

There has to be a better way for the Fed to have a fine grained approach at applying friction to money supply and credit rather than hitting everything in the economy at once.

[dragontamer]

Income Tax