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you don't see high interest rates because the banks are undermining the currency by buying their own debt (lowering their interest rates). not sure what the re
by lintiness 10y ago
you don't see high interest rates because the banks are undermining the currency by buying their own debt (lowering their interest rates).
not sure what the rest of your post is addressing. i'm familiar with deflation.
- AnimalMuppet 10y ago> you don't see high interest rates because the banks are undermining the currency by buying their own debt (lowering their interest rates). True - or at least, it was true. Currently the Fed is not buying additional debt. The amount that they hold might distort the market, but at least they aren't adding any additional distortion to it. > not sure what the rest of your post is addressing. i'm familiar with deflation. It's addressing the term "debase". If a trillion dollars evaporated, creating a new trillion dollars isn't debasing the currency, it's restoring the status quo ante.