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Except that when interest is 2%, you can borrow a fuckton of money with no consequences, but at 15% you're pretty limited by your ability to repay FAST. That's
by frandroid 9y ago
Except that when interest is 2%, you can borrow a fuckton of money with no consequences, but at 15% you're pretty limited by your ability to repay FAST. That's one of the reasons there have been so many corporate mergers, leading to massive centralization of wealth... when the interest rate is lower than the profit rate of the company you're buying, there's plenty of incentive to buy your competitors rather than trying to outdo them.
- runT1ME 9y agoIt sounds like we're agreeing? Low interest rates == more monetary supply == inflation.