Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Chasing The Elusive Target
For all the talk about how the "disinflation process has begun" (to quote Jerome Powell), there sure
What do you make of MMT’ers frequent assertion that higher rates being inflationary? I mean it sort of makes sense in that you’re just dumping money into bank accounts as interest, but the part where that money makes its way into consumer’s hands seems to be missing. Also, no real historical evidence of that being the case (outside of cause/effect arguments around the volcker period i guess).
Do you think their claims are possible, even if only barely? Or have they jumped the shark?