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Increasing interest rate to stop inflation????
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Stormwatcher
Posted 4/27/2022 21:47 (#9635211 - in reply to #9635151)
Subject: RE: Increasing interest rate to stop inflation????


WCMO
I dont want or need high asset values..Today my farm would probably sell for over $5,000 per acre which because of cheap interest is twice what its actually worth...When I was a kid Dad bought part of it for $125 per acre at 3% interest..I then bought part of it for $1,000 per acre about 20 years ago with cash that I and the wife had saved up.
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