Galbraith: Fed's inflation fight harmed housing and clean energy, advocates rate cuts and shifting spending from military to infrastructure
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Galbraith believes the Fed does not deserve credit for bringing down inflation and that rate hikes have damaged the housing market and clean energy investments.
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He argues the Fed should cut rates to undo some of this damage.
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Galbraith is critical of the overvaluation of tech firms with unproven business models driven by speculative narratives.
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He thinks debt fears are overblown and distract from more pressing issues like inequality, infrastructure, and climate change.
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Galbraith advocates policies to shrink the financial sector and decrease military spending in favor of diplomacy.