9 ms·
Good point. While the interest rates are “high” now (prime rate is 4.75?) that is actually a regression towards the mean, and definitely not 1970s hyperinflatio
by 31835843 4y ago
Good point. While the interest rates are “high” now (prime rate is 4.75?) that is actually a regression towards the mean, and definitely not 1970s hyperinflation territory.
I wonder though — given that we can’t go to that 15% rate (because then servicing public debt would be too expensive), what other tools do we have left to tame inflation?