Economics, politics

[hudebnik]

See this NY Times article about the effects zero-interest borrowing is actually having on the US economy.

Posted via m.livejournal.com.

Comments

Because They Are Fixing The Wrong Problem

[osewalrus.livejournal.com]

If you conceive of the problem as a shortage of money, then it makes sense to lower the interest rate to zero. But you cannot stimulate demand through thesupply side, even by giving money away.