With inflation rates seemingly on the way down, we might today be inclined to say ‘yes’. But before we do, we might find it useful to understand exactly why interest rates were raised so aggressively in the first place, how that redistributes wealth around in society and what the end outcome of this inflationary cycle might actually look like. Few better commentators than
Lyn Alden on this, whose writing is not only convincing, but also accessible.
Long read, but you’re going to learn something.