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> The idea is very roughly that lower interest rates unlock investment which causes them to have jobs. Let's be honest here, this is just a neoliberal fantasy
by dnautics 5y ago
> The idea is very roughly that lower interest rates unlock investment which causes them to have jobs.
Let's be honest here, this is just a neoliberal fantasy that amounts to a liberal equivalent of trickle-down:. Enrich the rich and the $ (via "jobs") will make it magically to the Lower classes.
- Ericson2314 5y agoYes, but sadly the idea is less controversial with rich institutions (who presumably buy much of the treasury bonds) than it is with rich people/households.