Distributional effects of monetary policy (e.g. between savers & borrowers) should, in theory, be temporary. Not akin to fiscal policy.
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@tomashirstecon@Birdyword depends what you mean. Eg choice about long run inflation target has permanent distributional consequences.
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@DuncanWeldon@tomashirstecon@Birdyword I've not read that, ashamed to admit. V much enjoying the deluge by the way. -
@t0nyyates@tomashirstecon@Birdyword Deluge is fantastic! The other fun Keynes essay in that collection is: http://www.gutenberg.ca/ebooks/keynes-essaysinpersuasion/keynes-essaysinpersuasion-00-h.html#Liberalism … -
@DuncanWeldon@tomashirstecon@Birdyword got it. wife v interested too. her granny typed 'the econ consequences of' for Keynes.... -
@DuncanWeldon@tomashirstecon@Birdyword seems she became deluded into thinking he was in love with her, proposed, got sacked... -
@t0nyyates@DuncanWeldon@Birdyword OK, now this sounds like a story...!!!
End of conversation
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