tag:blogger.com,1999:blog-2761684730989137546.post1169245892324367030..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Bill Mitchell — The government has all the tools it needs, anytime, to resist recessionmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-50264970308083438302016-04-21T06:54:49.412-04:002016-04-21T06:54:49.412-04:00"The distribution effects of interest-rate ch..."The distribution effects of interest-rate changes alone (creditors lose, debtors gain if rates fall) are sufficient to cast doubt on the effectiveness of monetary policy as a primary counter-stabilisation policy tool."<br /><br />Bill is talking just like Krugman here.... banks intermediate between creditors and borrowers???? Savers non-existent?Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com