US Federal Reserve raises interest rates for first time since 2018

Re:US Federal Reserve raises interest rates for first time s... by Scarblac on Wednesday March 16, 2022 @05:23PM (#30704285)

I seem to recall that France used to do this -- create money for government spending, taxed money ceases to exist, no need for government debt. But I can't find anything about it, and I don't know if I'm just not using the right search terms.

Has this been put into practice in large countries before?

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Re:US Federal Reserve raises interest rates for first time s... by zer0tonin on Wednesday March 16, 2022 @05:57PM (#30704653)

Is France a small country now?

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Re:US Federal Reserve raises interest rates for first time s... by tatersolid on Thursday March 17, 2022 @12:45AM (#30707756)

> Is France a small country now?

Frances’s GDP is 15% smaller than the single US state of California, and its population is only about 1.67x that of California.

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Re:US Federal Reserve raises interest rates for first time s... by zzleeper on Thursday March 17, 2022 @01:22AM (#30707942)

Well Cali has 1/7th of the entire US GDP, so it's an unfair comparison. By itself, it would be the 5th largest economy in the world.

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Re:US Federal Reserve raises interest rates for first time s... by Scarblac on Thursday March 17, 2022 @05:40AM (#30709279)

It's not, I'm just doubting my own memory so was wondering in general if there was an example, France or elsewhere.

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