re: Fed funds rate was 14% in the late 70’s early 80’s to battle inflation.

The big lie is that you can tax the rich...no you cant. Every time the gun is "aimed" at the rich, it misses and hits the middle class.

Rate hikes to fix inflation wont hurt the rich at all or the poor. The middle class will bear that load. The rich will pay cash and buy up all the defaulted on property and just get more rich. This is what decades of mindnumbingly stupid economic policy gets you.