I read what you wrote and I believe I understand what you're saying. Interest rates in the early 1980s in the US went as high as 14% and the economy didn't shu

I read what you wrote and I believe I understand what you're saying. Interest rates in the early 1980s in the US went as high as 14% and the economy didn't shut down. Businesses kept right on doing business, despite the high interest rates. That doesn't seem to be what your theory would predict and yet it happened in real life. https://en.m.wikipedia.org/wiki/Federal_funds_rate https://en.m.wikipedia.org/wiki/Federal_funds_rate