Monday, June 12, 2017

Dirk Ehnts — Why I am a horizontalist

Once upon a time, there was a discussion about interest rates set by banks. Do banks:
  1. increase interest rates when they face a specially large demand or
  2. set interest rates and then ignore the demand for loans
The first position is called the verticalist position, the second the horizontalist.…
econoblog 101
Why I am a horizontalist
Dirk Ehnts | Lecturer at Bard College Berlin

1 comment:

AXEC / E.K-H said...

@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’