re: #310 3 wood

Okay, so when inflation gets out of control, the Fed normally starts raising interest rates, right? And that suggests that maybe I should put what’s left of my money into bonds. Or even just a money market account, if we’re going to get really astronomical interest rates.

But this time, the porkulus is going to result in out-of-control inflation AND a shrinking economy, which as I recall is called stagflation. In that setting, the Fed would have to refrain from raising interest rates, right?