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https://twitter.com/RustamJamilov/status/1725575091801542957The cause is the macroeconomics setup. Every time there is a lack of demand, interest rates are put down, which helps financialization and privatization. Private investment and private debt increase, and so do financial risks and fragility. The alternative policy would be ...
https://twitter.com/economics/status/1565633930732208128Last time the @ECB hiked the rates (apart from 2011) they started in January 2006 and inflation peaked in July 2008 - 2.5 years after, when a financial crisis hit us. There is no reason to believe that somehow interest rates work better now than they did then. [2/3]