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Carlos and Bob reiterate their longstanding critique of Fed policy to help frame the recent plunges in the stock market. They explain that the Fed has painted itself into a corner and will have no choice but to continue with rate hikes.

Mentioned in this episode:

• “How to Weather the Coming Financial Storms” video.
• Bob Murphy Show ep. 2 interview of Carlos Lara.
• Lara-Murphy.com blog post on CPI.
• The Case for IBC.

The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.