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Alan Meltzer has observed that the Accord “ended ten years of inflexible [interest] rates” and was “a major achievement for the country.”Rather, it was a sign of the decay of rational economic policy, a return to the pre-Keynesian economics of interest rate fetishism.
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Alan Meltzer has observed that the Accord “ended ten years of inflexible [interest] rates” and was “a major achievement for the country.”
Rather, it was a sign of the decay of rational economic policy, a return to the pre-Keynesian economics of interest rate fetishism.
Post a Comment