Affordability Isn’t a Policy Toggle—It’s a Consequence The Federal Reserve is once again pretending to be the last line of defense against economic collapse, as if it didn’t help engineer the collapse in the first place. In a recent article, Axios reports that the Fed is torn between cutting rates to help the "weakening labor market" and keeping them high to control inflation. The word of the day, according to pollsters and economists, is “affordability.” Let’s pause right there. Affordability isn’t a policy toggle. It’s the natural result of sound money and free markets. But instead of confronting the root of the problem—government overspending, bloated bureaucracy, supply-side strangulation, and decades of artificially low interest rates—we’re expected to believe the same…
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