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https://mmt101.substack.com 23-10-2024 08:32:41
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Economics In One Lesson in the 21st Century For example, in the UK the UK Government sets the target inflation rate (which the CB think it is managing via interest rates - but it is not). In the US it's told to mainain stable prices - i.e., like the UK, 2%. The CB doesn't make gov. spending polcy - it implements it.