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He has called for interest rate rises to quell inflation, believing the recovery is entrenched and businesses well placed to withstand higher borrowing costs.
Elizabeth Warren has called for interest rate reductions; President Obama signed an executive order capping payments on federal student debt at 10% of a borrower's income; there have been some piecemeal attempts to curb the criminal behavior at for-profit schools by strengthening so-called "gainful employment" rules.
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Business leaders are calling for interest rates to be cut to zero.
Benjamin Mandel of Citigroup notes that, using a conventional policy rule, even the Fed's forecasts of unemployment and too-low inflation would call for interest rates to start rising in mid-2014 and reach nearly 3% by the end of 2015.
So if Libor was, on average, 30 basis points above a new rate, then a Libor contract calling for interest payments of 200 basis points over Libor would be converted into a contract calling for paying 230 basis points more than the new rate.
The lawsuit also calls for interest to accrue over time, which pretty much means that the MPAA doesn't expect The Pirate Bay to be too willing to pay up anytime soon.
Many Chinese economists call for interest-rate reforms that would allow banks to offer higher returns on household deposits (real interest rates are often negative).
During the crisis Taylor rules called for negative interest rates as output crashed and prices deflated.
And a growing share of loans called for teaser interest rates in the early years.
According to textbook economics, these circumstances called for higher interest rates to slow the economy and avoid inflation.
In keeping with those promises, Mr. Thaksin has called for higher interest rates to encourage and reward bank depositors in Thailand.
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