While there is speculation on interest rates all the time, and speculation about its theoretical effects…
(Aside from residential mortgages), I’ve seen zero talk/articles/complaints from businesses that higher rates are problematic.
Heck, I’ve not even seen anyone complaining about higher credit card APRs either.
So, is it all conditioned theoretical economic rhetoric, or… is there some subset of society that is truly podding their pants at each and e dry additional 0.01% of interest rates?
Perhaps is it that the economy ultimately runs on borrowed money/credit to operate at the speed and volume that it does, and that a zero-credit economy is not mathematically and functionally possible?
Has credit gotten so deeply ingrained in our economic reality that it can’t function without it?
If credit was illegal, what would macro commerce look like?
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