From what many people have been saying, and what appears to be true, the incredibly low interest rates of the Fed are causing huge damage to the middle class because of inflation.

Inflation should be incredibly harmful for the middle class because the middle class needs to save up money to advance upward on the economic ladder. Money needs to be saved to buy a new home, upgrade something in a company or buy a better house, and inflation will make those savings goals harder.


However, whenever people bring up the problems with a low interest rate and high inflation I only hear an informal analysis of the problems with a low interest rate, instead of any real numbers. I was wondering if maybe the increased ease that people could borrow money with a lower interest rate would actualy spur bussines enough to reduce alot of the damages to the middle class, or even be good for them despite the inflation.

I do not have much specific economic knowedge about the fed's interest rate, so if anyone can wiegh the option of a low or high interest rate, I would be curious what those people think.

Inflation may be very bad, but I have no way of actualy knowing through the use of statistics if the economic growth from a low interest rate will counteract the inflation.

Right now I think that the fed should be disbanded and replaced with the gold standard, but if anyone has a way to defend the fed's actions I would like to hear it.