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8-15%. I'm looking forward to it. It'll force more people to be more financially responsible. No one should finance furniture, ATVs, or electronics. If you can'

8-15%. I'm looking forward to it. It'll force more people to be more financially responsible. No one should finance furniture, ATVs, or electronics. If you can't pay cash for these things, save, or don't buy. Edit: @Analemma That's just the extreme end of the scale. 30yr fixed mortgage rates were above 10% during all the 1980s[♤]. I'd like to see a return to that. [♤] https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE30US

Analemma_ 4y ago
This definitely needs a citation. Why would the natural rate be 8%, never mind 15%? Apart from the Volcker Shock it's been less than that for literally all of American history [1]. Are you sure you're not just assuming that whatever the rate was in your formative years is "natural"? [1]: https://advisor.visualcapitalist.com/wp-content/uploads/2020/10/MM17_U.S._Interest_Rate-3.jpg https://advisor.visualcapitalist.com/wp-content/uploads/2020...
bryanlarsen 4y ago
The historical interest rate for savers is negative. Before the invention of fractional rate banking, if you had money you had to pay guards to protect it for you.