Re:Facebook admits it must do more to stop the spread of mis...
by dragonwriter on Friday November 11, 2016 @01:29AM
(#12928466)
The near zero rates occurred in response to the economic crisis after the housing bubble burst, not a driver of the bubble.
Re:Facebook admits it must do more to stop the spread of mis...
by hueving on Friday November 11, 2016 @02:36AM
(#12928735)
Rates were also comparatively low during the 2000s to juice the economy after the tech bust and 9/11. They got even lower after the crash and QE, but they were the lowest they had been in the 00s since the early 60s.
It didn't cause the hyperinflation that a lot of people thought would come, but the Great Depression is Bernanke's area of expertise, and he had sound theoretical reasons to believe QE wouldn't spark serious inflation.