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.