[lbo-talk] interest rate policy

[nathan tankus]

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?