Allowing more immigration as a way to reduce inflation should be a campaign issue in 2024.

Cheap debt may have contributed to inflation, but it isn't the biggest driver of it, and if it was the sole cause of inflation, the current interest rates would be high enough to end it. The best solution is one opposed by the party of hate.

I wanted to see what the AI bot ChatGPT had to say about interest rates and inflation, so I asked it a couple questions. Photo by jpvalery

Buybacks and stock splits are tools for corporate financial engineering. They waste the capital of profitable companies at the expense of long term shareholders. They also distort investment decisions to maximize income from incentive stock options. They should be regulated.

For years, Congress has abdicated oversight of inflation, leaving it to the Federal Reserve to address it, usually by increasing interest rates, while the party not in power blames the president. With inflation at its highest level in decades, the Fed is using its favorite tool - raising interest rates. It's 2022, there are better, less painful ways to address inflation.

Obviously, inflation is a huge topic these days, and a major campaign issue. We haven't seen inflation like this in about four decades, so a lot of people who weren't born or were too young to grasp its impact then are freaking out now. It's understandable, as all of a sudden, people can't buy as many things as they are used to. A lot of blame is being spread around like fertilizer, but not all of it is fair. And the "tools" used to fight inflation in the past may do more harm than good now. Photo by unsplash.com/@yassine_khalfalli