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But FTA: MMT rejects the modern consensus that economies should be steered primarily by the raising and lowering of interest rates. MMTers believe that the natu
by istjohn 8y ago
But FTA:
MMT rejects the modern consensus that economies should be steered primarily by the raising and lowering of interest rates. MMTers believe that the natural rate of interest in a world of fiat money is zero and that pegging it higher is a giveaway to the investor class.
So according to the article, MMT actually holds that interest rates are held too high under conventional monetary policy.