Recession Could is the Only Cure to Soaring Prices

The idea that a recession could remedy our inflation woes is a harsh testament to our current economic circumstances. Imagine the economy slowing down, curbing the reckless spending and rapid price increases, as a way to cool the inflation that’s been burning through your savings. Experts predict that by mid-2024, this is what we’re going to face, forcing the Federal Reserve to slash interest rates dramatically. According to Peter Schiff, a severe economic downturn is a blunt instrument we need to hammer back to a semblance of stability. A painful pill to swallow, yes, but sometimes, it’s the only way to bring the economy back from the edge of catastrophe.