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Keeping your community covered. We're committed to producing high-quality, fact-based news and information that gives you the facts in this community we call home. If our work has helped you stay informed, take action, or feel more connected to Windham County – please give now to help us reach our goal of raising $150,000 by December 31st.
In the wake of the Federal Reserve Board's recent decision to raise short-term interest rates (and indications that they plan to further raise rates over the coming year), I am concerned that our national conversation about responses to inflation has been unduly constrained.
Among the many possible responses to rising inflation (specifically, the demand-induced inflation we are currently experiencing because of excess liquidity, or “too many dollars chasing too few goods”), there are two main possibilities:
Option A: Raise interest rates. (This is generally the only option we are allowed to discuss in media, government or polite company.)
• Raises the cost of borrowing.
