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This ignores all of the evidence that raising interest rates slows economic activity. In our currently economically weakened state raising interest rates would
by Sargos 6y ago
This ignores all of the evidence that raising interest rates slows economic activity. In our currently economically weakened state raising interest rates would likely crush the economy into a depression.
- bryanlarsen 6y agoWhich is probably the reason we don't currently have core inflation. If we had inflation then it would be evidence the economy is overheated, so cooling the economy would be appropriate at that time.