Re:Do High Interest Rates Fix High Inflation?
by mikrl on Tuesday June 13, 2023 @08:21PM
(#36319568)
It’s like the dark sibling of Keynes, eh?
At least Keynesian theory had a notion of slowing an economy that needed slowing, and boosting an economy that needed boosting, through a complementary mechanism.
The poisonous application on the other hand is to boost an economy at capacity, and use the inevitable crash to funnel wealth to… who knows where?
At least Keynesian theory had a notion of slowing an economy that needed slowing, and boosting an economy that needed boosting, through a complementary mechanism.
The poisonous application on the other hand is to boost an economy at capacity, and use the inevitable crash to funnel wealth to… who knows where?