Empirically, Interest Rate Manipulation Doesn’t Work

Source: The Libertarian Institute
Published: Dec 19, 2022
Author: Thomas Eddlem
Post Date: 2022-12-19 20:17:59 by Charles_Byrd
Views: 183

It’s an economic article of faith among almost every school of economic thought that central banks raising interest rates curtails economic growth and lowering interest rates stimulates short-run economic growth.

The problem with this assertion by nearly every economist is that the data backs up the inverse proposition.

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