OVERHEATED ECONOMY ?

There is a lot of talk that the economy is overheated and needs to be throttled back by increasing interests rates.

I lived through Jimmy Carters Stagflation period, they made this same mistake.

The economic indicators are indicating an overheated economy when just the opposite is true. The economy is barely functioning. The false positive for an overheated economy are the result of the intentional destruction of the American Energy supply from the White House. This causes the price of everything to INFLATE, it is NOT overconsumption, the opposite is in fact occurring..... under consumption. The price increase is not caused by the classic definition of too few goods being chased by too many dollars due to high consumer consumption (ie an overheated economy), but by the high cost of producing those goods which people can not longer afford. then fewer goods are produced due to falling demand due to high cost of goods and thus the economy is collapsing and stagnating while inflation is increasing.

Raising interest rates now, will cause stagnation, it will stop demand and cause the economy to "go to sleep". It makes the problem worse by an order of magnitude, rather than fixing it. Just as in 1970's it is the WORST thing that can be done. What fixed Stagflation ? Removal of the cause of these disastrous polices and failings (president Carter) and replacement with President Reagan... Reaganomics !

The last 19 months have seen overprinted non productive money that did nothing to build economic growth, that is a huge anchor as well.

This time, we have the energy debacle, created by the White House, we have an oversupply of money that is doing nothing, we have a shortage of materials due to the shipping disaster at our ports, that is NOT being addressed by the White House

You may expect this coming era of stagflation to be orders of magnitude worse that the 1970's, because the effectors are 3 times worse.

Can it be fixed ?

The artificial energy constraint is causing the price of everything to increase, it is NOT overconsumption... PERIOD, end of sentence. it therefore can not be fixed by increasing interest rates. It can be fixed by turning the energy spigot back on.

SIDEBAR Converting to renewable energy is a noble goal, turning off the oil spigot is NOT how you do this... because you need MORE oil, not less, to convert to renewable energy. It takes a great deal of non renewable energy to BUILD a renewable infrastructure, it also REQUIRES energy to run the economy, to pay for peoples houses and food so that they can work to build renewable infrastructure... by the way you need MORE non-renewable energy than what is needed to just run the economy... also need energy to grow the renewable infrastructure and replace worn out and failing renewable parts of it, when building renewable energy plant you may need 2x the amount, 1 x to run the economy and 1 x to maintain, service and grow the renewable energy plant. It IS doable, but it will require valid plan to do so.

IF the energy spigot is turned from OFF to FULL in America... that will indeed help. The answer is NOT to raise interest rates, it is turning the energy supply back on immediately !

Raising interest rates and corporate tax, is a recipe for the death of the economy and of America.

IF the port is untangled by proper management.

IF Manufacturing is brought back to America

IF the corporate tax rate is lower than the global tax rate and manufacturing comes back to America ... this will fuel economic growth

Economic growth is the ONLY way out of the overspending on frivolous and non productive project that have occurred in 1921 and 1922.

My advice to ALL AMERICANS is to vote straight Republican (NO RINO republicans in the primaries) in the next election... otherwise, find a good sturdy cardboard box , it will be your next home.