3 ms·
It's the closest to printing money as the real world gets. "Hey here's an insane amount of money at 0% interest rate so you could literally invest in ANYTHING
by krtong 7y ago
It's the closest to printing money as the real world gets. "Hey here's an insane amount of money at 0% interest rate so you could literally invest in ANYTHING and make free money. Go ham."
Lets remember what causes slowdowns in productivity, panics, the great depression, the recession etc: people being slammed with too high interest rates for what's feasible for them to repay when times are tough. If the fed offered low interest rates directly it would be a different world. Remember also, the world is an auction house, so when people get these kinds of perks and you don't, your money doesnt go as far.