Strypey<p>"Your best example of this is Japan, which made no change whatsoever to its interest rate [after the COVID pandemic began], but experienced much the same increase in inflation, and then fallback again afterwards. So interest rate is not a control and not a fine tuner for the economy in the way that neoclassical economists believe it is."</p><p>Professor <a href="https://mastodon.nzoss.nz/tags/SteveKeen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SteveKeen</span></a>, 2023<br> <a href="https://debunkingeconomics.com/episode/should-we-fix-central-bank-interest-rates" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">debunkingeconomics.com/episode</span><span class="invisible">/should-we-fix-central-bank-interest-rates</span></a></p><p><a href="https://mastodon.nzoss.nz/tags/podcasts" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>podcasts</span></a> <a href="https://mastodon.nzoss.nz/tags/DebunkingEconomics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DebunkingEconomics</span></a> <a href="https://mastodon.nzoss.nz/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://mastodon.nzoss.nz/tags/NeoClassical" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NeoClassical</span></a> <a href="https://mastodon.nzoss.nz/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>InterestRates</span></a></p>