Raising interest rates to control inflation will only cause more pain | Joseph Stiglitz
VSThe unwavering determination of central banks to raise interest rates is truly remarkable. In the name of controlling inflation, they have deliberately set themselves on the path to causing a recession – or making it worse if one happens anyway. Moreover, they openly acknowledge the pain their policies will cause, even if they fail to …
Raising interest rates to control inflation will only cause more pain | Joseph Stiglitz Read More »