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Yes, I think this is a huge problem -- if interest rates rise again, a lot of people will suffer. Therefore policy makers have a big incentive to keep interest
by jakobegger 11y ago
Yes, I think this is a huge problem -- if interest rates rise again, a lot of people will suffer. Therefore policy makers have a big incentive to keep interest rates low.
I don't know how this will end, but I don't think that the current low interest situation, which incentivises credit and discourages saving, can be stable in the long run.
- pjc50 11y agoincentivises credit and discourages saving Both of those things encourage economic growth, though. Until we come up with some better way of meeting our demand-side needs, rates are going to stay low.