An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
As predicted the Russian economy continues to put on speed.…
"Though the fact continues to be denied, it is the high interest rates rather than the famous structural factors which are the main brake on recovery. The Central Bank has made its position crystal clear: despite complaints from the Economics Ministry it intends to keep interest rates high until its inflation target of 4% is reached"
"In the beginning, God created the Heavens, the Earth, and a 4% inflation target. And He saw that it was good."
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