Re:Do High Interest Rates Fix High Inflation?
by imtringued on Wednesday June 14, 2023 @12:16PM
(#36328183)
How dare they get away with!! Noooo.
The economy can bear higher interest rates. Nothing bad has happened so far. I now think it is an acceptable choice but I still don't like the idea that the central bank is setting the interest rates. In my opinion the central bank should set a low rate but it shouldn't offer banks the ability to borrow at this rate and banks should be trying to get the highest rate possible through competition, not some subsidy by the central bank.
The economy can bear higher interest rates. Nothing bad has happened so far. I now think it is an acceptable choice but I still don't like the idea that the central bank is setting the interest rates. In my opinion the central bank should set a low rate but it shouldn't offer banks the ability to borrow at this rate and banks should be trying to get the highest rate possible through competition, not some subsidy by the central bank.