Comparing USA single digit inflation to Argentina and Venezuela is quite far fledged. Instead of destroying peoples’ livelihoods with interest rate hikes maybe

Comparing USA single digit inflation to Argentina and Venezuela is quite far fledged. Instead of destroying peoples’ livelihoods with interest rate hikes maybe the government can opt for trying to fix supply problems and improve efficiency, which will tame inflation in the long term. For example, they can reverse the deglobalization movement by signing new free trade agreements with developing nations, they can reduce or eliminate the validity of patent laws which will allow for cheaper products to be produced, they can negotiate an end to the war and remove all obstacles from the extraction and trade of natural resources. All of these policies will lower inflation while increasing employment, a win-win-win situation.