Despite the rhetoric from central bankers and global leaders blaming the world’s current economic woes on inflation, a war in Europe, an energy crisis and irrational consumer sentiment, there is an obvious alternate root cause to the world’s current financial dilemmas.
Higher Interest Rates
Excessive use of monetary loosening during the COVID-19 era has resulted in skyrocketing inflation. Unfortunately, there is not a clear antidote to this other than placing our faith in the blunt economic instrument of interest rates.
