How Raising Rates Smooths Inflation

Raising rates cannot stop inflation, but it can stretch it out over a longer time frame

The Valuation of The National Debt

There is a simple indication that raising rates doesn’t credibly eliminate inflation. And that is that raising rates can’t plausibly increase the attainable valuation of the national debt, at least not on its own. If the valuation of the national debt does not increase, then the value of the currency cannot increase either, except by…