I have ruminated here several times about the shitty things that happen to construction blue collar guys every time interest rates are raised to fight inflation and inquired if there wasn't some other way. Well Robert Reich, actually a dam good economist, responded thusly:

We used to do it (fight inflation) by cutting federal spending and/or raising taxes. It was called fiscal policy, and we used it to cool the economy when there was some danger of it overheating. But Washington no longer cuts federal spending, and raising taxes is out of the question. The only other alternative is price controls, but they work badly.
I guess we used to cut spending when King George told us to. The last best hope for cutting spending was a Republican Congress and........ Those pieces of shit........

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