First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/10/24/how-they-sell-inflation-002854
<p><img src='https://www.moneymetals.com/uploads/content/how-they-sell-inflation-social.jpg'/></p>A key justification of the Fed – of Keynesian central banking – is that the way to make an economy grow is to print money. This is the &quot;Philips Curve&quot; – a tool that claims a trade-off between unemployment and inflation. In that model, if you want economic growth, you print more money. If you printed too much and got inflation, you just print less. Typically by raising interest rates so banks create fewer loans.