Interest rates are going up almost everywhere. As a result, the potential consequences of raising interest rates, such as their impact on income distribution, are at the heart of monetary policy debates, even among mainstream economists, which is unlike the 1980s where only post-Keynesian economists were discussing this issue. At that time, post-Keynesians were debating the disastrous Monetarist experiments of the 1970s and the Volcker shocks in the early 1980s (Seccareccia, 1988). Indeed, there is a long tradition within post-Keynesian economics linking monetary policy and income distribution going back to Keynes’s writings in the interwar years.