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by 31835843
1449 days ago
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Good point. While the interest rates are “high” now (prime rate is 4.75?) that is actually a regression towards the mean, and definitely not 1970s hyperinflation territory. I wonder though — given that we can’t go to that 15% rate (because then servicing public debt would be too expensive), what other tools do we have left to tame inflation? |
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