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How High Will Interest Rates Go?

Many Happy Returns

CHAPTER

The Problem With Fiscal Policy and Interest Rates

Instead of cutting interest rates, we're going to have jobs for everybody who gets laid off. The universal jobs guarantee is very popular at the moment on the left. But look, I think that's not really acceptable to many people. We already have a centrally planned economy in many ways. Look at the CHIPS Act in the United States. You can call it what you like, but it's not free markets.

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