The Real Scoop on Interest Rates and Nominal GDP "Growth"

 https://www.sciencedirect.com/science/article/pii/S0921800916307510

The research at the above link is somewhat of a blockbuster.  With an empirical approach, it shows that "...conventional monetary policy as operated by central banks for the past half-century is fundamentally flawed".  Among other things, the research demonstrates that low interest rates do not cause economic growth, and "if policy-makers really aimed at setting rates consistent with a recovery, they would need to raise them".

This study has been available for over two years, but apparently, largely ignored.  It also delves into the effects of "quantities" (e.g., QE) on an economy, and further, why environmentally sustainable projects are better for the economy as opposed to growth for growth's sake.  In short, the study provides solidly based evidence that neoliberal economics has failed overall.  Of course, that same economic path has benefitted the Upper Crust immeasurably... which is probably why this study has been mostly ignored by the Powers-That-Be, both public and private.

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Not only my opinion.  Stay Well