smalltime farmer - 4/27/2022 19:02
Sheep Herder - 4/26/2022 21:43
Rates need to be increased, if nothing else people that have money in the bank deserve a fair return. It'll never get high enough to be a fair return but the near zero rates that banks are paying now are an insult. There's no reason for rates to not go up a couple points. An increase might even wean a few people off of borrowing for everything.
Question
Why do you feel entitled to be payed interest on money sitting in your account.
1. You could rent it to a bank through term CD’s
2. You could lend it out privately and achieve a better return
3. You could leverage/ invest it to keep up those you may think are being reckless
You may think you are entitled to high interest because you payed high interest but that is merely situational jealousy. If you did pay high interest you have likely enjoyed a period where your real estate investment has increased 10 fold probably not realistic to believe that will occur on non development 2 million dollar farm.
Increasing interest rate to stop inflation????
