Macro-shackro - the ppl who wrote those books and the ppl who studied them didn't/couldn't stop this GFC BD from happening?
Remember those books are on "economic theory" - economics is not a science!
And please don't tell me that a husband and wife with a child or two and a $500k mortgage is going to embrace a rate rise of "only" 25 basis points!
Who are you (or me for that matter) to say what hurts and what doesn't? Is a rate increase going to help unemployment? is it going to put a lid on inflation?
And speaking of inflation, who the hell decided that higher interest rates are not a DIRECT and contributor to inflation? Talk about a circular function!
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Macro-shackro - the ppl who wrote those books and the ppl who...
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