Advocates of Modern Monetary Theory (MMT) don’t view interest rate adjustments too favourably. They tend to advocate stimulus in the form of having the government / central bank machine simply create new money and spend it into the economy (and/or cut taxes).
Positive Money and other advocates of full reserve advocate the same, but PM & Co have thought through the best way to actually effect the latter policy. MMTers should take note.
More on this topic in an article by yours truly here.
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