Josh, I’m interested to hear your take on Stefanie Kelton’s viewpoint. As much of our inflation is being caused by supply issues, she has postulated that raising interest rates, while slowing consumer demand, would also deter companies from increasing capacity, furthering our supply issue and causing inflation to continue. Thoughts?
Josh, I’m interested to hear your take on Stefanie Kelton’s viewpoint. As much of our inflation is being caused by supply issues, she has postulated that raising interest rates, while slowing consumer demand, would also deter companies from increasing capacity, furthering our supply issue and causing inflation to continue. Thoughts?
This is absolute nonsense. Higher rates push inflation down, full stop.