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And this should highlight the absurdity of interest rates even being "set" in the first place.
by spectrum1234 8y ago
And this should highlight the absurdity of interest rates even being "set" in the first place.
- amanaplanacanal 8y agoThat's just the way the Federal Reserve works. As long as they are around, they will loan money at interest rates that they set. Potentially they could get out of the money business and we could go back to using precious metals for money, but I don't know how you get there from here.