FuckyWucky [none/use name]

Pro-stealing art without attribution

  • 41 Posts
  • 400 Comments
Joined 2 years ago
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Cake day: March 21st, 2023

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  • It only works if the inflation is caused by people having too much money

    even in such a case, near full employment, the effects of monetary policy is so ambiguous. if the private sector (not just businesses, everyone except the Government) are buying up goods/services beyond capacity then the interest payments increase would act as an additional stimulus.

    taxes are so much better than interest rates. you can target it at income groups, you can target it at profits, you can target it at specific good/service.

    another alternative, entire banking sector is under Government control. then the interest rates can be targeted at specific groups too. so if you want to buy a luxury car, you would be charged a higher rate compared to a mass manufactured regular car.