Richard Murphy says:
December 20 2023 at 2:47 pm
Ok guess you know very little of economics
The only way interest rates can reduce inflation is by creating recession
Not a true claim, but an interesting one.
The truth being that we’ve a got a range here, from 50% growth to 50% drop in GDP. (say). Say that interest rates can cause a recession and deflation. That v strongly implies that there’s some level of interest rates which curbs excessive growth but doesn’t, in fact, cause a recession.
You can also substitute inflation for grwoth there and gain the same result.