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The idea that raising interest rates actually causes inflation is called neo-Fisherism; it's currently being practiced in Türkiye[0] where it isn't working. [0
by astrange 4y ago
The idea that raising interest rates actually causes inflation is called neo-Fisherism; it's currently being practiced in Türkiye[0] where it isn't working.
[0] formerly known as Turkey
- bugglebeetle 4y agoRaising interests rates doesn’t cause inflation, but it also doesn’t fix it when inflation is the result of corporate concentration and cartel like behavior around pricing.
- astrange 4y agoPersonally I think we should've used the low interest rate period to actually build some inflation-fighting housing and transit; instead we've just sort of noticed it's a problem now that it's too late.
- xp84 4y ago100% agree. Sadly we were told the federal and state governments "couldn't afford to" borrow lots of money at near-0% to build such things. "The Debt" was just too big of a concern. eyeroll