Feehery: Republicans should embrace the free market to whip inflation now ...Middle East

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It’s been a long time since we faced the monster of inflation. The last time we had this type of terrible inflation, the Federal Reserve embarked on a chemotherapy approach to solving the problem. Then-Federal Reserve Chairman Paul Volcker believed that to save the economy, he had to kill it. He believed that only by dramatically increasing interest rates above the inflation rate would the Federal Reserve be able to slay the inflation dragon. In the process, the economy went into a severe recession, the unemployment rate skyrocketed, businesses closed, trade shriveled up and the nation suffered. I don’t think we necessarily need to take the chemotherapy approach to whipping infl

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Feehery: Republicans should embrace the free market to whip inflation now ...Middle East

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