"... there’s growing skepticism about how much rate hikes have actually achieved. #Inflation has declined steeply without ... any noticeable rise in unemployment at all. ...demand is no weaker than it was a year ago. If it’s #InterestRates that brought down inflation, how exactly did they do so?"

However at the #bundesbank and #ecb #monetarist #dogma is impervious to evidence or argument.

https://www.barrons.com/articles/a-debate-is-raging-over-how-to-fight-inflation-2a608408

Albert Edwards of Société Générale gets the nature of current #inflation: "...I want to revisit a topic that goes straight to the hearts of both equity and bond investors, namely that the primary driver of this inflation cycle is soaring profit margins. Rather than calling this out as the primary cause of high inflation, central banks have instead chosen to focus on rising nominal wages as threatening to embed higher inflation – the so called ‘wage/price spiral’." #monetarist #idiocy

https://scholarworks.umass.edu/econ_workingpaper/343/

Trying to fight inflation caused by opportunistic profiteering by means of interest rate rises is doomed to fail. Isabella Weber et al explain in this paper.

#monetarist #dogma #classwar from above. #capitalism

The only way (short of #democraticsocialism) to control #inflation in the current context are price controls and #publicownership .

https://scholarworks.umass.edu/econ_workingpaper/343/

Trying to fight inflation caused by opportunistic profiteering by means of interest rate rises is doomed to fail. Isabella Weber et al explain in this paper.

#monetarist #dogma #classwar from above. #capitalism

The nearer term effects may well be that the #fed doesn't raise interest rates further and thus further decrease the market value of longer-term bonds in general. Whether the monetarist dinosaurs at the #ecb also don't raise interest rates in the Eurozone is another question.
#monetarist #dogma

The nearer term effects may well be that the #fed doesn't raise interest rates further and thus further decrease the market value of longer-term bonds in general. Whether the monetarist dinosaurs at the #ecb also don't raise interests is another question.
#monetarist #dogma

Q: 1879-1933

A: What are the years that the United States was on a true #gold standard.

Only 22% the US’s existence. Furthermore, a full 25% of the gold standard years coincided with the Great Depression. #economics #finance #currency #crypto #Keynesian #monetarist #deflation #inflation #fed #tariffs #Austrian