Talk:Monetary hawk and dove

Contains Outdated References
I don't know how the following should impact this article but here is my observation. At least one of the statements made about the topic (hawk/dove) are based on debunked monetary theory. The article states that Monetary doves favor inflationary policy such as lowering interest rates. However, Modern Monetary Theory has shown that sovereign currencies are issued by the government, and that interest on reserve balances and government issued bonds is created out of thin air by the issuer. As such, lowering the rate of interest on government liabilities held in the private sector has a net-deflationary effect on the economy. Or at least it ceases to be inflationary. Socbio (talk) 19:56, 2 September 2020 (UTC)