Inflation always comes fighting back..... NUKE IT.

Inflation always comes fighting back. You hit it with a bat, it brings a knife. You Stab it with a knife, It pulls a gun. You pull a gun, It brings a tank... NUKE IT. In the early 1980's Fed Chair Paul Volker raised the federal fund rate to a high of 19%. The inflation rate at that time was well above 10% and had been on and off for almost a decade. As usual this killed confidence in the Fed's ability to keep price stability which led to more inflation. Raising the rate continuously and rapidly is the only way to stomp the nation killer, Inflation. Now we are in a similar position, only we have historical data to use and stop ourselves from creating a decade of higher prices and lack of money for those who need it most. The Fed must swiftly raise our rate above 5%. Swiftly meaning yesterday. Yes, this brings shorter term pain. Yes, this means recession or maybe worse. BUT... Nothing is worse than hyper inflation. Don't believe me? Ask the Germans, it was so bad they birthed Adolf Hitler.