Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates

Tags: Inflation, Monetary Policy, Taxes and Spending, U.S. Economy

10/03/2023 Kevin Van Elswyk

As the economy slowly deteriorates, consumer debt rises. In the meantime, the Fed is pushing up interest rates to deal with the inflation it caused. This does not end well.

Original Article: Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member