Interes tasa negatiboak

Iruzkinak (1)

• 

  joseba says:

  2016/03/19 at 21:31

  Wrote this on rate hikes a while back:

  There Is No Right Time for the Fed to Raise Rates!

  http://www.huffingtonpost.com/warren-mosler/there-is-no-right-time-fo_b_5995896.html

  “… while I recognize that raising rates supports both aggregate demand and inflation, I am categorically against raising rates for that purpose. Instead, I propose making the zero-rate policy permanent and supporting demand with a full FICA tax suspension. And for a stronger price anchor than today’s unemployment policy, I propose a federally funded transition job for anyone willing and able to work to facilitate the transition from unemployment to private sector employment. Together these proposals support far higher levels of employment and price stability.

  So when is the appropriate time to raise rates? I say never. Instead, leave the fed funds rate at zero, permanently, by law, and use fiscal adjustments to sustain full employment.
  (…)

  Conclusion

  There is no right time for the Fed to raise rates. The economy continues to fail us, and monetary policy is not capable of fixing it. Instead the fed funds rate should be permanently set at zero (further implying the Treasury sell only 3 month t bills), leaving it to Congress to employ fiscal adjustments to meet their employment and price stability mandates.”