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Re: What is Creditary Economics?

Anyone who thinks that "raising interest rates will [necessarily]
increase "savings" and reduce aggregate demand" should talk to some
senior citizens.  They are all seeing their savings disappear due to low
interest rates, and in many cases are being forced to cut their
spending.

> >Surely, mainstream, monetarist, and post Keynesian
> scholars all agree (a)
> >that raising interest rates will increase "savings"
> and reduce aggregate
> >demand,
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