tag:blogger.com,1999:blog-2761684730989137546.post4765797159815996047..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: The World of Monetary Policy, According to Christine Lagarde— Carolyn Lookmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-62636792146671898962019-07-04T02:58:35.515-04:002019-07-04T02:58:35.515-04:00Joke of the day.
What will the IMF do when Lagard...Joke of the day.<br /><br />What will the IMF do when Lagarde leaves?<br /><br />It'll carry on largardless.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-92050523300788467442019-07-03T20:24:05.971-04:002019-07-03T20:24:05.971-04:00... because interest rates stay low until such tim...<i>... because interest rates stay low until such time when they start going up. And then it is a bit of a trap.”</i> Christine Lagarde<br /><br />Not interest rates (since the CB can keep those low) but price inflation.<br /><br />And yes it is a trap since MMT proponents propose to curb price inflation with taxes on the non-rich - at a time when their cost of living is already going up!<br /><br />The insights of modern monetary theory COULD be used to construct an ethical fiat creation system and abolish privileges for the banks but instead they may be used to discredit deficit spending itself.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-14203353808171544472019-07-03T20:19:10.623-04:002019-07-03T20:19:10.623-04:00This comment has been removed by the author.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com