The Fed is concerned over inflation and regardless of cost
Will fight it no holds barred to sure the battle is not lost
The speeches and fine wine are flowing freely at Jackson Hole
But a study released there raises questions if the Fed can achieve its goals
There is a saying that only a fool is armed only with a knife at a gun fight
Likewise in economics fighting inflation only with monetary
policies is a plan not right
Raising interest to slow demand
While government spending is completely out of hand
Only dilutes the effect but raises the unemployment pain
No matter what the Fed how high the Fed pushes interest rate inflation will not
be contained
If Biden and his Blues keep flooding the nation with dollars
Trying to not enough goods trying to collar
Day 5 since Biden announced his $10k to 20k vote purchase labeled forgiveness
of student debt
And total silence on how the forgiveness would be paid, assuming we would just
forget
When the Inflation Reduction Act fails to implement its name
As middle class taxpayers are thrown of the pyre of increased audit flames
Wonder if more Americans will realize that have been sold a heap of rotten
goods
As rising inflation destroys their savings and drugs and rising crime in Blue
run cities destroys their neighborhoods
© August 28, 2022 The Alaskanpoet
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