Trying to tame inflation with higher interest rates is dumb and unfair

Trying to tame inflation with higher interest rates is dumb and unfair

Our use of interest rates to control inflation is yet another respect in which our economic system is biased against the young.

Using interest rates to fight inflation is dumb, unfair and overdue for a rethink

Higher interest rates hit younger mortgage holders far harder than everyone else, making monetary policy both inequitable and inefficient. Inflation control should be spread more fairly across the economy.