UN Accuses Federal Reserve Of Creating Global Recession

TMR crew discusses the difference between inflation being an issue of demand being higher than goods viable and inflation being an issue due to supply problems. The Majority Report crew discusses the United Nations urges the US Federal Reserve and other central banks to stop raising interest rates as it continues to push the global economy into recession, affecting developing nations the most. The MR crew also talks about how prices that have risen the most are those of necessities that have no alternatives including energy and housing.

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I've been making the argument for a while and also I think to the detriment of my ability to prognosticate that the inflation that we have experienced is not a function of demand. Generally, when we talk about inflation we talk about an overheated economy where demand outstrips our capacity to produce there's too much money floating around in people's hands they want to buy too many Goods it's driving the prices of goods up, and in that instance when there's too much money out there. There's really two ways in which you can pump the brakes on that one is a fiscal uh response and one is a monetary response…