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Why should they rise? Maybe they should stay low if it is so productive.
by peacefulhat 6y ago
Why should they rise? Maybe they should stay low if it is so productive.
- vkou 6y agoBecause in addition to funding moonshot project plays, low interest rates also fund a lot of really stupid investments that should never have been funded, and that go belly-up at the first sign of a tightening fiscal market. When too many of those really stupid investments go belly up at once, it's called a bubble popping, and it is catastrophic to the economy.