POPA Reconsame as what this lady says - rate hikes are bullish because it increases the deficit spending into interest income, which is a fiscal…
same as what this lady says - rate hikes are bullish because it increases the deficit spending into interest income, which is a fiscal transfer to the wealthy and cash rich (think high quality conglomerates and financial institutions). The investment income pushes up aggregate demand, stoking both monetary and real asset inflation. https://x.com/StephanieKelton/status/2102466687874523526
The excerpt is quoted from a public Telegram channel, which owns its text.