One major consequence of diddling rates to the downside is that debt builds up…which will eventually cause a debt crisis and make it impossible to pay for the free stuff politicians promised.
More from Bill Bonner
No Safety, No Surprise
Both parties now accept deficits. Both approve of more debt…and of diddling interest rates to make it easier to borrow. Both now offer the voters ‘something for nothing.’
Something for Nothing, Again
Every ‘something for nothing’ government program is actually a transfer program. The feds produce no wealth. They merely take it from some people and give it to another.
Bill Bonner is the editor for
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