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> Should the rates be kept at 0 or near it forever? Of course not. > but to put it out like the big bad government is just looking to turn off the economy is
by eighthnate 9y ago
> Should the rates be kept at 0 or near it forever?
Of course not.
> but to put it out like the big bad government is just looking to turn off the economy is pretty disingenuous
Where did I say this? Also, the FED isn't "the big bad government". They are a private corporation.
Why do so many people on hackernews read into things and get defensive?
Recessions are a necessary part of an economy. All I said was that the FED exists to pop bubbles via their interest rates. I didn't say it was good or bad. I was just pointing out why recessions happen.
- lovich 9y agoForgive me if I read into your comment incorrectly. To me it read as if you are stating that the fed increasing the interest rate at all is what is going to lead to a recession and that businesses won't be started until they lower the rate again, even though that rate is historically low. Also the Fed is not a corporation like all the others in the US. They are indepentish because they aren't answering on day to day basis to the political side of the government but they still ultimately work for the government