Powell's Pivot to "Pain" but No Gain: Triggering the Coming Recession

Powell’s Pivot to “Pain” but No Gain: Triggering the Coming Recession

Tags: Booms and Busts, Inflation, Strategy

09/23/2022 Jon Wolfenbarger

The Fed is slowly increasing interest rates in the hopes that the economy will experience a “soft landing.” However, there is no way to soften the blows about to fall on the economy.

Original Article: “Powell’s Pivot to “Pain” but No Gain: Triggering the Coming Recession”

This Audio Mises Wire is generously sponsored by Christopher Condon.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.