Nobby
Well-known member
- Sep 29, 2007
- 2,889
Don’t agree. Reserves? What reserves? Why would it need them as the producer of the “reserves” in the first place. They should control inflation by taxation and other fiscal measures, also by issuing national savings to take money out of the economy which appears to be overheating, but definitely not by high interest rates which actually have an inflationary effect despite the monetarist
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