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A comment on S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic. Parent comment
Uh, no. If you have no central bank, more consumption and more employment means more demand for money. Ceteris paribus, that will raise rates.
You're correct inasmuch as central banks quicken this reaction, and–when done properly–dampen it. But the fundamental engine is emergent.
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Uh, no. If you have no central bank, more consumption and more employment means more demand for money. Ceteris paribus, that will raise rates.
You're correct inasmuch as central banks quicken this reaction, and–when done properly–dampen it. But the fundamental engine is emergent.