The Fed's entire "strategy" can be summed up as "Hike 'til it breaks, cut 'til it inflates." That's the best all those PhD's at the Fed have managed to come up with.
Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists.
Learning economics is fundamentally about gaining economic literacy so we can better understand the world we are part of. The real world, not the invented world we find in formalized models.
