It occurs to me that I've never actually read any "marxist" interest rate rule. This makes sense when the ultimate "policy option" supported is "socialist revolution" (or heretically, evolution). Despite this, I am still interested in what people think an "optimal" interest rate rule would be from a Marxist perspective.
Louis Philippe Rochon has a good overview of heterodox and orthodox interest rate policies: http://www.youtube.com/watch?v=7uBwUGbUI0I i find myself supporting what Rochon terms the "kansas city rule" where the nominal interest rate is "parked" at zero. What do others think though? _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
