3 ms·
The idea is that you are TRYING to drive inflation down. You can borrow at 8%, and that's great when inflation is at like 10-12%, but once inflation goes down (
by roflyear 4y ago
The idea is that you are TRYING to drive inflation down. You can borrow at 8%, and that's great when inflation is at like 10-12%, but once inflation goes down (the goal of high rates) it's bad.