If you really wanted to buy something that you thought could be important in your life, would you be willing to walk away from the opportunity because the price tag seemed higher than it should be or because you felt offended by the seller? I ran into this dilemma this week.

Our guest on today’s podcast is Adar Hay, co-founder and CEO of Jiga, a company providing a web platform for manufacturing buyers and suppliers to communicate and establish new relationships. It’s ironic how in today’s world, in which we have so many channels to communicate and network, it’s still complicated to do those things well. Jiga’s mission is to simplify those processes.

What if the popular wisdom is wrong? As usual. 

For many decades, the consensus was that if inflation gets too hot, the Federal Reserve must raise interest rates to tame it. Reduce demand for goods and services by making them more expensive, then people will purchase less and the pressure on prices will seep out like air in a balloon. It makes sense, seemingly. The Fed is the only powerful force capable of doing this in the American economy because Congress and the President have become helpless beasts stuck in Washington sludge, incapable of reducing federal spending.

You are confused about inflation, interest rates, recession—your job. I’m not going to act like the Wall Street economist who knows less than nothing, but proclaims there is a 10% to 90% chance of recession to justify their million-dollar paycheck. 

I’m going to tell you what is going to happen over the next year. Give me a grade next July 4th when the fireworks go off.

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