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The gold standard is considered a form of tight money policy, yes?
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Sep 30, 2015 00:55
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Has there ever been any situation where high interest rates have led to job growth?
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Oct 1, 2015 01:30
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Badger of Basra posted:They might have existed at the same time but I doubt there's any mechanism where raising interest rates also decreases unemployment. asdf32 posted:The intention is to stabilize the economy to prevent a future bust. That's the main benefit. Job growth isn't really it. So is it safe to say that it's nearly impossible to have good job growth without reasonably low interest rates? Cause I would think this would be a fairly easy way to rebut conservative claims that tight money is good for the economy.
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Oct 1, 2015 03:35
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In an interview a couple of years ago, Bill Clinton said that he didn't regret signing Glass-Steagall but did regret signing the 2000 Commodities Modernization Act which deregulated derivatives. If we're going to do something to prevent another crash, might be better to look into that.
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Oct 18, 2015 08:07
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JeffersonClay posted:Apparently he's really serious about ending deductions and loopholes and he intends to start taxing churches and hospitals at standard rates! Did he actually say that? I know he came out saying that he definitely supports getting rid of the AMT, which should be fun to see in the next few weeks.
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Oct 30, 2015 11:37
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