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The inconvenient truth is our economy/way of life doesn't work with high interest rates anymore. Everything is over-leveraged and the future has been loaned ou
by candiddevmike 2y ago
The inconvenient truth is our economy/way of life doesn't work with high interest rates anymore. Everything is over-leveraged and the future has been loaned out 1000 times over. Interest rates can't stay above inflation or the house of cards falls over.
Raising interest rates was never really the fix to begin with IMO (and the fed admitted as much too), more taxes were, especially at the top end. But congress can't be bothered to do that, so the fed had to act with the tools it had available.