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Raising Interest Rates Isn't Central Planning Either

Original: Raising Interest Rates Isn’t Central Planning Either

National Review argues that when central banks raise interest rates, critics wrongly frame it as central planning. The piece contends that adjusting the price of money is different from state direction of the economy, pushing back against claims that monetary policy amounts to government control of markets.

Why now: Ongoing debate over central bank policy and inflation keeps arguments about interest rate hikes in the spotlight

National Review central banks Federal Reserve

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Raising Interest Rates Isn’t Central Planning Either · National Review

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