Why Federal Reserve and Freddie/Fannie Manipulation Are the Source of Inflation

We're joined by Alex Pollock, a banking expert at the Mises Institute, who warns that not only have we failed to solve inflation, but some of the current proposals from both parties will further exacerbate it. He explains how the Federal Reserve keeps a Ponzi scheme paid for by consumers in the form of high prices. He also believes that the Fed is fully controlled by Congress and not independent. Relatedly, Pollock believes that complaining about interest rates is addressing the symptom of the very problems created by the "easy money" cartel. Also, he believes it is a mistake to turn Freddie and Fannie back into venture socialist GSE status, which allows for crony private profit off the risk of taxpayers. More easy money and subsidized credit are what got us here; they sure won’t solve inflation.