Bellemare’s bill is the latest case of politicians weighing in on the institution’s interest rate and policy decisions this month.
Bellemare’s bill is the latest case of politicians weighing in on the institution’s interest rate and policy decisions this month.
If you lower interest rates you get an overheated economy which causes more inflation. Don’t bugger with an institution that works because a politician thinks they know something about market mechanisms when they don’t. Why would you mess with market mechanisms when you could potentially devalue the wealth that you already have by introducing inflation? The only explanation would be that Bellmare will personally benefit from such a manoeuver.
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Don’t attribute to greed that which is adequately explained by stupidity.
However it can always be a bit of both.