Advocates
of Modern Monetary Theory (MMT) don’t view interest rate adjustments too
favourably. They tend to advocate stimulus in the form of having the government
/ central bank machine simply create new money and spend it into the economy
(and/or cut taxes).
Positive
Money and other advocates of full reserve advocate the same, but PM & Co
have thought through the best way to actually effect the latter policy. MMTers
should take note.
More
on this topic in an article by yours truly here.
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