Steve Forbes: Gov’t Is Causing Inflation, Hurting Economy – Here’s How to Make America ‘Boom’ Again
Inflation has already hit 40-year highs, stretching pocketbooks and causing hardship for many Americans. Some economists call it inflation shock, accompanied by dreaded predictions of a recession.
The Federal Reserve is responding by raising interest rates. Forbes media CEO and former Republican presidential candidate Steve Forbes believes the Fed’s efforts to cool down the economy may only make matters worse.
“That’s what they mean when they say soft landing,” Forbes explained. “What they really mean is more unemployment. And all too often, it leads to a crash landing for the economy.”
Read the story from CBN’s Gary Lane: https://www1.cbn.com/cbnnews/us/2022/may/steve-forbes-govt-is-causing-inflation-hurting-economy-heres-how-to-make-america-boom-again
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