Fed issues biggest rate hike in 22 years

Yes, sure – it’s a bit like putting a band-aid onto a severed limb. We have had decades worth of ever more crushing debt, money printing, feel-good policies, legal and regulatory inflation, dumping on entrepreneurs, and taxing the bejesus out of anyone who wants to engage in any business activity. And now a comparatively small rate hike is supposed to fix it all. The US is by no means alone in this – much of the world is in the same or worse pains. Our economies are going to crash – get used to it. There is nothing we can do except prepare on a personal level.

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