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GoneFishin

(5,217 posts)

22. A moderate interest rate would help many working stiffs who have put a little cash aside for a

Reply to muriel_volestrangler (Reply #10)

Sat Apr 4, 2015, 04:14 PM

Apr 2015

rainy day. Low interest rates don't hurt the super wealthy, the stock markets are doing fine, and bank credit card rates are as high as ever. But 0% interest rates mean that Joe Schmoe with $3000 or $30,000 of his hard earned money can't make him a couple hundred or a couple thousand extra bucks a year to subsidize his wages without risking it all in the insider's game on Wall Street, which is precisely the goal of low interest rates on savings.

Some may suggest that Fed interest rates are about controlling inflation. That maybe for electronic crap from China, but for groceries, utilities, or a starter home that theory is crap.

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Krugman: Republicans demand disaster when they're not listened to, because Atlas Shrugged [View all] muriel_volestrangler Apr 2015 OP

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I agree marym625 Apr 2015 #27

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A moderate interest rate would help many working stiffs who have put a little cash aside for a GoneFishin Apr 2015 #22

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This is still the best ever comment on Ayn Rand's typing hifiguy Apr 2015 #18

Her books are badly written and boring.... Spitfire of ATJ Apr 2015 #26

Love it! I've seen that one too. Trying to remember where. calimary Apr 2015 #31

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K & R !!! WillyT Apr 2015 #29

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