We could be wreaking havoc trying to reach the 2 to 3 per cent inflation target, writes business editor Ian Verrender. What if it's a goal that is unattainable?
You mean where they actually tax people and don’t just do the printing part? Yeah me too.
I don’t love taxes but I do suspect the fastest way to crush inflation is up taxes and not interest rates. Although Im not a fan of how much interference there is in bond markets from rate setting. I don’t think it’s really that healthy either.
I mean based on fed actions I think traders have stopped trying to do price discovery and treat rates as a simple given. But it’s really just a given because everyone has agreed it is. In theory if the market panics en masse the fed would eventually run out of ammo to control it. I think.
I’d be really interested to see policies based on MMT in practice.
You mean where they actually tax people and don’t just do the printing part? Yeah me too.
I don’t love taxes but I do suspect the fastest way to crush inflation is up taxes and not interest rates. Although Im not a fan of how much interference there is in bond markets from rate setting. I don’t think it’s really that healthy either.
I mean based on fed actions I think traders have stopped trying to do price discovery and treat rates as a simple given. But it’s really just a given because everyone has agreed it is. In theory if the market panics en masse the fed would eventually run out of ammo to control it. I think.