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| Oh. Ok. I misunderstood what you meant. You are referring to a situation like the crazy high interest rates of the 80’s.
Do you think it could happen again without a total collapse of the economy? I mean many times worse than the 80’s. From what I’ve heard back then most of the debt was “good debt”, as in debt for business assets. Today it seems like most of society has no fear or concern of debt and they are in debt for everything from mansions to tv’s. I can’t imagine what even a fast 5% rise in interest rates would do to the average consumer. | |
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Here is a mind bender from George Gannon! Critical thinking fix
