Tackle inflation by tightening Corporate America's belts

President Biden.
(Image credit: Illustrated | Getty Images, iStock)

The Federal Reserve plans to fight inflation by raising interest rates this year, regardless of the uncertainty caused by Russia's war in Ukraine. It's a remedy that's been used more than once in the past, but this time around, all it will do is throw millions of people out of work without addressing the true causes of the problem.

It may be time for something more radical: limited price controls.

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Saoirse Gowan

Saoirse Gowan is a writer and researcher with a focus on public policy from a left perspective. She was born and raised in Ireland by an American mother and Irish father, and moved to Washington, D.C. in 2018. She currently lives in Hyattsville, MD, and spends her free time on art and dancing.