Could McCain Be Our Mugabe On Interest Rates?

by Johnny Debacle

In a post a few months ago, we outlined the power of Zimbabwenomics, as outlined by economic genius Robert Mugabe in his Mugabe Efficiency Theory. A gap in his theory noted by none of you, is that he does not explicitly address interest rates. Luckily, John McCain, has been working to plug this gap. Per Matthew Yglesias writing on last night’s Republican Presidential Debate:

John McCain on monetary policy: “I’m glad whenever they cut interest rates, I wish interest rates were zero.”

Recommendation: This stance dovetails well with Mugabe Efficiency Theory and extends the “if you make things more affordable, people will buy more” rationale to interest rates. If interest rates are zero, assets will only continue to increase in value because they are more affordable and thus there will be more demand for them, making them worth more. This much is obvious and there is no downside to a zero interest rate policy. But why stop at zero? Negative interest rates would make things even MORE affordable. We look to negative interest rates as the next frontier of Zimbabwenomics.

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  1. To The Hilt
    October 10th, 2007 | 10:30 am

    John McCain is crazy. Not crazy like he doesn’t know what he’s talking about; not crazy like a fox; but crazy like will somebody please get this guy a straight jacket, lock him in a padded room, and keep him from running for president every election from here to eternity.

    Does the man not realize he can’t win? What is this, 8 elections in a row?

    John, please go away.

  2. October 11th, 2007 | 3:30 pm

    To be fair to McCain, he said something along the lines oof “I’m no expert, and that is why we put smart people like Helicopter Ben in that position.”

  3. JohnDiddler
    October 11th, 2007 | 11:37 pm

    I love this headline, sirs.

  4. JT
    October 16th, 2007 | 11:40 am

    My question is how Mugabe did not win the Nobel Prize in Economics and those other hacks did. Psht! mechanism whatever is nothing compared to Zimbabwenomics and Mugabe Efficiency Theory!