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Dumb Fed's Inflation Fight: Raise interest rates instead of Reduce workweek length
Introduction

          Federal Reserve
  1. Inflation Fight: When the Federal Reserve raises interest rates to fight inflation, the Fed effectively reduces the overall workweek and reduces average worker's income. Less money means less inflationary pressure. Voila. Simple solution to inflation ... if no downstream ugly complications.
  2. Acute Collateral Damage: As unfolding in mid-March, 2023, the Fed's recent and predicted interest rate hikes had unintended collateral damage: Creating potentially the worst financial crisis since the 2007 financial crisis that could be worse than the 1930's Great Depression.
  3. Chronic Victims: Unemployment begets hell-on-earth . More jobless workers means more abuse of drugs, spouses and children as well as road rage and workplace violence. A 1% rise in unemployment (1.6 million) is matched by 32,000 suicides. Directly reducing the workweek so everyone remains employed would eliminate the Fed's morbid approach to reducing inflation. No recession. No depression. When people know that the workweek length will be adjusted then they will have the emotional stability of hope. Statistically current full employment at declining slave wages without hope of future emancipation is not cause for hope but for hate.
  4. Unions caused the welfare state: Observing rising unemployment in the 1930s, a US Supreme Court Justice proposed reducing the workweek length to keep full employment of all Americans. Like the new farmers in Animal Farm, unions said "No way." Instead of reducing the workweek to addressed unemployment, big-eared FDR cranked up the money printing presses per John Maynard Keynes' economic model. Voila. The welfare state and national debt.