>>510460550
>That's mainstream economics, high interest rates are considered to slow inflation and "growth"
I explained why I think raising interest rates only slows inflation if it causes defaulting on debt. Otherwise it just makes servicing existing debt, and especially rolling it over, more expensive. And capitalism has to continually role its aggregate debt over or the money supply starts contracting. Which causes a contractionary spiral of the fake economy (capitalism / financial flows) but also of the real economy (unemployment, reduction of production).