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A comment on Inequality, Interest Rates, Aging, and the Role of Central Banks. Parent comment

Re:Inequality, Interest Rates, Aging, and the Role of Centra... by SSJPython on Thursday December 29, 2022 @11:38PM (#34181840)
Inflation is a monetary phenomenon. Since the Central Bank controls the money supply, then by definition the Central Bank controls inflation.
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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by WalterBright on Friday December 30, 2022 @12:14AM (#34182052)
I meant they control the interest rates, which do not control inflation. Inflation comes about from the creation of money, which the central bank does to fund the government deficits.
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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by imtringued on Friday December 30, 2022 @06:38AM (#34184132)
The central bank can limit money creation but can't force consumers, businesses or the treasury to borrow or spend money.
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