strypey, "Your best example of this is Japan, which made no change whatsoever to its interest rate [after the COVID pandemic began], but experienced much the same increase in inflation, and then fallback again afterwards. So interest rate is not a control and not a fine tuner for the economy in the way that neoclassical economists believe it is."
Professor #SteveKeen, 2023
https://debunkingeconomics.com/episode/should-we-fix-central-bank-interest-rates#podcasts #DebunkingEconomics #economics #NeoClassical #InterestRates