TheVoiceOfJoyce Wise words from Economist Joseph Stiglitz . Don’t raise interest rates to curb inflation. If interest rates increase, the poor and middle class will suffer. There is no need for a protracted Recession, instead lower prices with the tools we have and help the poor and middle class, too. Examples listed: encourage farmers to produce more and stop the don’t plant policies that raise prices, price increases attributed to monopoly power can be controlled with anti trust enforcement, raise wages and benefits, add child care allowances and allow sensible immigration policies.
http://www.theguardian.com/business/2022/dec/09/raising-interest-rates-inflation-central-banks-recession Well-directed fiscal policies and other, more finely tuned measures have a better chance of taming today’s inflation than do blunt, potentially counterproductive monetary policies. The appropriate response to high food prices, for example, is to reverse a decades-old agricultural price-support policy that pays farmers not to produce, when they should be encouraged to produce … More TheVoiceOfJoyce Wise words from Economist Joseph Stiglitz . Don’t raise interest rates to curb inflation. If interest rates increase, the poor and middle class will suffer. There is no need for a protracted Recession, instead lower prices with the tools we have and help the poor and middle class, too. Examples listed: encourage farmers to produce more and stop the don’t plant policies that raise prices, price increases attributed to monopoly power can be controlled with anti trust enforcement, raise wages and benefits, add child care allowances and allow sensible immigration policies.