>>510460091
>Interest rate is a reliable tool to suppress inflation (when raised), and also to stimulate consumption (when lowered). You have to give some leeway to Neoclassics at least, Ferengi.
Explain the mechanism by which this happens and I'll believe you. I even said that I do agree that raising interest rates can slow inflation or even cause deflation but only if it causes default on debt. If the debt gets rolled over at the higher interest rate, it will actually accelerate inflation because it makes it more expensive to service the debt and also increases the percentage, of the total new fictional fiat currency being created, which stays around because it goes towards interest payments rather than paying down loan principal.
I always have arguments and reasons for things I believe and I only state what I believe.