Did Another Great Depression Just Get Triggered? | Lyn Alden
Lyn Alden argues the U.S. has entered an era of 'fiscal dominance' where structural deficits, not bank lending, drive inflation—rendering the Federal Reserve's interest rate tools ineffective and creating a polarized two-speed economy. While the temporary Iran peace deal may ease oil prices, underlying inflationary pressures from unsustainable government spending persist regardless of monetary policy.