> The fed raising interest rates so far has done nothing to level home prices.

They've barely raised rates! 0-1% federal funds rate is not a normal range, especially when inflation is ~10%

> The government seems content with really doing nothing other than seeding billions to countries not named the United States.

I think this isn't quite accurate for a variety of reasons, much of it is that the federal government actually has significantly limited control of the above + what control it does have it has to pass through a hostile senate to accomplish.

- The federal government cannot force local government to build housing to increase supply, it can only try to incentivize, and housing can't be built fast enough to offset current demand

- The federal government cannot factories, particularly overseas ones, to produce more

- The federal government can, at most, go through a faster approval process for foreign baby formula; it cannot force current domestic makers to produce formula

- The federal government literally doesn't control crypto that's what the attraction of crypto was lol; its bombing is entirely crypto's fault; and the stocks have been pushing back against government regulation for ages already

- The gov't cannot set food prices

So precisely what do you expect the government to be doing here?

This is so wrong.

> The federal government cannot factories, particularly overseas ones, to produce more

I am assuming you mean 'force'. Trump literally used the defense production act to keep hamburger patties flowing when workers were complaining about COVID.

https://thehill.com/homenews/administration/495175-trump-use...

While keeping hamburgers coming was the purpose of this EO. This act allows the president to force producers to change production to benefit the defense needs of the united states. To produce 'more' of something through retooling or other means.

https://en.wikipedia.org/wiki/Defense_Production_Act_of_1950

> - The gov't cannot set food prices

Please see a history of price controls. The article literally has a poster prohibiting charging more than govt set prices. Not saying price controls are a good idea, but do not claim something easily disproven with a google search. I learned about this in middle school.

https://en.wikipedia.org/wiki/Price_controls

So basically you are saying that federal government is useless in a crisis. That's inaccurate, there are mandates that can be overwritten, constitution is very clear about it.

Yes, the parent poster is being disingenous IMHO.

Federal gov'ts could do all these things, and did, before the advent of the current neo-liberal governance in the 80s and 90s. The choice not to be able to do so, to strip governments of planning and industrial policies, was a conscious policy choice made by several consecutive administrations and governments across the whole G20 (at least).

Even more so federal governments especially did these things during war times. And we're basically in a proxy war with Russia (and IMHO, for the first time in my memory this might actually be a conflict with an actual morally justifiable cause), yet governments in the west have not put themselves on a footing yet to really weather such a war.

We should have put ourselves on that footing during COVID. Or hell, to deal with the climate crisis. And now here we are with this latest situation in Ukraine...

eeeeeeeee

> It’s not uncommon to see $6/gal

You'd be "relieved" to know that some places in Europe saw 8$/gal in the past weeks.

Historically, gas prices have always been much higher in Europe than in the US. I was used to a 3x difference over the past decades. $6/gal in the US is brutal.