The Fed’s Broken Compass: Why Central Planning of Interest Rates Is Destined to Fail

The Fed’s Broken Compass: Why Central Planning of Interest Rates is Destined to Fail

by Money Metals GoldSeek Mike Maharrey opens this week’s Money Metals Midweek Memo with a warning ripped from Jurassic Park: just because you can doesn’t mean you should. He applies this to the Federal Reserve, accusing it of blindly tinkering with the economy’s most fundamental signal—interest rates. The parallel is sharp. Dr. Ian Malcolm warned of scientific hubris in resurrecting dinosaurs. Maharrey warns of economic hubris in artificially se…

The Fed’s Broken Compass: Why Central Planning of Interest Rates Is Destined to Fail

The Fed’s Broken Compass: Why Central Planning of Interest Rates Is Destined to Fail The Fed faces a no-win scenario. Cutting rates would stimulate the economy, but reignite inflation. Holding rates could tame inflation, but risks crushing a debt-saturated system. MoneyMetals Tue, 07/15/2025