2 ms·
It really makes you wonder where all that money went. Monetary Theory tends to treat central bank interest rates and government taxes/borrowing as two sides of
by lumost 4y ago
It really makes you wonder where all that money went. Monetary Theory tends to treat central bank interest rates and government taxes/borrowing as two sides of the same coin. For various reasons the US has leaned more heavily on the interest rate manipulation over fiscal policy for the last ~30 years - but I do wonder if we're missing an accountability aspect of interest rate based stimulus.