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Why should they have raised interest rates? Standard economic dogma has it that below target inflation like the last 15 years needed low interest rates to get i
by hgomersall 4y ago
Why should they have raised interest rates? Standard economic dogma has it that below target inflation like the last 15 years needed low interest rates to get it back up. Or could it be that standard economic dogma is a steaming pile of horse shit?
- rurp 4y agoSure inflation was low for buying food or milk or whatever, but was much higher than 2% in some massive areas of the economy, like stocks and housing. Keeping rates so low created huge pressure to invest in high risk speculative assets. Crypto is basically the poster child for how absurd things have been in recent years.