Sociocultural Australis is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. In the realm of economic theory, Modern Monetary Theory (MMT) presents a fresh perspective on interest rates. MMT suggests that when the government offers higher interest rates, it essentially gifts extra income to those already possessing wealth - quite the paradox, isn't it? MMT further contends that heightened interest rates can, in fact, prompt individuals to spend more, potentially driving up prices - a concept that contradicts conventional wisdom.
A Fresh Take on Interest Rates
A Fresh Take on Interest Rates
A Fresh Take on Interest Rates
Sociocultural Australis is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. In the realm of economic theory, Modern Monetary Theory (MMT) presents a fresh perspective on interest rates. MMT suggests that when the government offers higher interest rates, it essentially gifts extra income to those already possessing wealth - quite the paradox, isn't it? MMT further contends that heightened interest rates can, in fact, prompt individuals to spend more, potentially driving up prices - a concept that contradicts conventional wisdom.