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> There is this inherent contradiction that people are angry that the money supply grows because they save, while themselves demanding high interest rates like
by ThunderSizzle 5y ago
> There is this inherent contradiction that people are angry that the money supply grows because they save, while themselves demanding high interest rates like 5% to let their money compound over time.
When's the last time a high yield savings account made 5%? Or even matched inflation?
People are angry that they are punished by thr fed for trying to save money for a rainy day.
- JumpCrisscross 5y ago> People are angry that they are punished by thr fed for trying to save money for a rainy day Rainy day funds should approximately track inflation. There are plenty of assets that have been good havens over the past decade. It’s odd to expect real gains on a rainy day fund.