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I'm not an economist either, however i am familiar enough with Central Reserve Banking, and the statements of Fed Chairmen, reporters and economists who state t
by knowtheory 15y ago
I'm not an economist either, however i am familiar enough with Central Reserve Banking, and the statements of Fed Chairmen, reporters and economists who state that changes to interest rates is the tool by which economies are managed.
Even keynesians like Paul Krugman agree that changing interest rates has an effect on the economy. They just don't think it's a good tool to manage economies.
- tomjen3 15y agoThe fed is filled with Keynesians and nobody disagre that the fed manage the economy by changing interest rates. What the critics say is that it doesn't work (and considering how many bubble there has been I am inclined to agree with them) and that it would work better without it.