5 ms·
We've been trying that for a good chunk of the last decade. That's why interest rates have gone to near zero, and in some places negative. It's not working so w
by jyounker 7y ago
We've been trying that for a good chunk of the last decade. That's why interest rates have gone to near zero, and in some places negative. It's not working so well.
- TuringNYC 7y ago>> That's why interest rates have gone to near zero, and in some places negative. It's not working so well. To elaborate on the great comment above -- this is not working well because it creates asset bubbles. It also makes one of the most important things people need -- homes -- inflate in value beyond reach for many.