Re: Question: Why can't the fed go to a negative interest rate?
Actually, I don't agree on this at all.
One function of government should be to provide some type of stability for those planning for or living in retirement.
Inflation/Deflation gyrations primarily screw those with fixed incomes, as well as those with low incomes.
I do believe those who take risks should get the opportunity for rewards, but I also believe that those who choose not to should not be roped into doing so.
I actually agree with Outback's views on how savers are being screwed; it is just that I don't necessarily agree that interest rate/inflation differentials are the best way for savers to benefit.
A simple government policy to preserve purchasing power of a given unit of currency is not impossible - merely improbably given the greed of human beings.
Originally posted by blazespinnaker
One function of government should be to provide some type of stability for those planning for or living in retirement.
Inflation/Deflation gyrations primarily screw those with fixed incomes, as well as those with low incomes.
I do believe those who take risks should get the opportunity for rewards, but I also believe that those who choose not to should not be roped into doing so.
I actually agree with Outback's views on how savers are being screwed; it is just that I don't necessarily agree that interest rate/inflation differentials are the best way for savers to benefit.
A simple government policy to preserve purchasing power of a given unit of currency is not impossible - merely improbably given the greed of human beings.
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