The Fed just delivered its first rate hike in three years — unanimous, to 3.75–4 percent — while inflation is still running closer to four than two. Jim Rand walks through Kevin Warsh's own words, the two-billion-dollar credit-card bill, a 6.76 percent mortgage, Friedman's money test, and why a 26-year-old should treat cheap-rate promises as a price control, not a favor. 🗣️ Check out other great shows! 🎙️ **The Odyssey: Short & Engaging Retellings** A modern, vivid retelling of Homer’s epic poem — one book at a time. Join us for warm, fireside-style storytelling that brings the adventures, trials, and homecoming of Odysseus to life. Perfect for fans of mythology, ancient history, and timeless tales of perseverance, loyalty, and home. 🎧 Listen on: Apple Podcasts → https://podcasts.apple.com/us/podcast/the-odyssey-short-engaging-retellings/id67 ...