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Sioux County, NWIA | But. Low interest rates didn’t get us this current inflationary mess. If anything, bank borrowing is down. There’s some 10 trillion of new high powered money floating around that will not be disappearing unless federal spending goes into a surplus vs deficit spending mode (pigs will fly gracefully before that happens) plus numerous supply problems coupled with good old greed.
Raising interest rates at this juncture strikes me as a bad idea. | |
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Increasing interest rate to stop inflation????
