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Neo-Liberalism and Anti-Inflationary Policy*
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June 6th 2022, Prabhat Patnaik
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Central
banks all over the capitalist world are raising, or
are about to raise, interest rates as a means of countering
the currently rampant inflation, which is certain to
push a world economy that is barely recovering from
the effect of the pandemic, back towards stagnation
and greater unemployment.
*
This article was originally published in People's
Democracy on June 5,
2022.
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