The current strategy to "solve" inflation is a dangerous strategy

Right now, the game plan is to raise interest rates, making borrowing money more expensive to slow down the economy. The strategy is to slow it down without putting it into recession. However, I would like to propose that that's a bad idea overall, as slowing it down will eventually bring on a recession.<br><br>If what I think is going to happen in the next few decades with self driving cars and AI, the economy is about to go through a massive change, one that will make the industrial revolution look like a blip on the radar. In my opinion, there is no need to try to "fix" the economy right now; the economy is working as it should, given the current environment. The problem is that we've created an economy that is fundamentally based on labor, and where the cost of labor is going to become less and less of an issue as automation comes more online.<br><br>For those of you that don't know, I'm an Uber driver. With Uber and Lyft, you can get a ride for a fraction of the cost of a taxi or owning the car yourself, and the cost is going to keep going down. Uber is testing self driving cars right now, and when they come online, it's going to make transportation dirt cheap. This is going to be a major problem for all the people that don't have a job any more because their job has been automated away.<br><br>We have to stop thinking of the economy as something that has to be "fixed" because it's slowing down. Instead, we need to be thinking about how we're going to structure the economy when the majority of the workforce is out of work, not because we've ran out of jobs, but because we don't need them any more.