alt Hacker NewsIf you have better methods of achieving the inflation target than cooling demand with rate hikes, you ought to write to your nearest central bank.
If you have better methods of achieving the inflation target than cooling demand with rate hikes, you ought to write to your nearest central bank.
There's a well established school of thought on the issue. Here's the seminal paper: https://moslereconomics.com/wp-content/uploads/2019/02/Full-...
The problem is it requires the economists to realise they've dedicated their education and professional careers to the economic equivalent of the geocentric model.
Edit: erroneously wrote heliocentric rather than geocentric, which was the opposite of what I meant!