Welcome to the Era of Broken Brakes There was a time when the Federal Reserve could actually manage the U.S. economy. When inflation ran hot, they’d raise interest rates to cool things down. It was like pulling the emergency brake on a train—painful, sure, but it worked. But that era is over. Today, the U.S. economy is a runaway train, barreling down a mountain of debt—and the brake lines have been cut. The very tools the Fed used to rein things in have become accelerators. Every rate hike now makes the problem worse, not better. Why the Old Playbook Doesn’t Work Anymore Here’s how things used to work: When the Fed raised interest rates, borrowing became more expensive. That meant…
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