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5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
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9. No link shorteners or news aggregators.
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10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
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The only way to meaningfully control inflation is via taxation. Changing interest rate doesn’t solve the real problem: there is just too much fucking money being printed.
There is exponentially more wealth in the system than there is currency printed to back it. That is not where the value of our economy comes from. Trade produces wealth, whether from labor or production. Currency just makes trade simpler.
Interest rates do indeed control inflation because high rates put people out of work. Its been done before.
See the massive tech layoffs over the past few years. Debt got too expensive.
That involved both interest rates and tax policy via changes to the R&D credit, so perhaps not an ideal example
In theory, yes. But the cheap interest is being used disproportionately by the rich, not for reinvestment, but for stock buybacks, high compensation, stock leveraged loans, and private equities to flip companies.