Once upon a time, there was a discussion about interest rates set by banks. Do banks:The first position is called the verticalist position, the second the horizontalist.…
- increase interest rates when they face a specially large demand or
- set interest rates and then ignore the demand for loans
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.
Monday, June 12, 2017
Dirk Ehnts — Why I am a horizontalist
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1 comment:
@Dirk Ehnts
Wrong rhetorical question: “Why I am a horizontalist”
Right question: “Why I never got macroeconomics right”*
Egmont Kakarot-Handtke
* See ‘The fundamental problem of economics: scientific incompetence aka stupidity’
http://axecorg.blogspot.de/2017/04/the-fundamental-problem-of-economics.html
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