Paul Virilio popularized the idea of the Suicidal State, an auto-immune response that creates a self-propagating doom loop of insecurity. We saw this after 9/11.

IMO we are there with the Federal Reserve. Their brute force efforts to control inflation, are creating its own inflation, in a self-propagating doom loop.

Here is an interesting article on how higher for longer is actually driving inflation rather than controlling it.

Here is an interesting article on how higher for longer is actually driving inflation rather than controlling it. https://www.bloomberg.com/news/newsletters/2024-04-08/us-inflation-is-actually-being-driven-by-higher-interest-rates-jpmorgan-says