3 ms·
My understanding is that interest rates should be changed only * to help keep inflation or deflation from getting out of control, and * to help keep the finan
by cs702 2y ago
My understanding is that interest rates should be changed only
* to help keep inflation or deflation from getting out of control, and
* to help keep the financial system stable in times of crisis.
My understanding is also that changing rates for political reasons has a lousy track record as an "economic" policy.
Sigh.