Re:The long, slow, rotten march of progress
by TheCowboy on Friday June 02, 2017 @11:15PM
(#14474827)
Artificially increasing interest rates is going to show up in inflation, because no new wealth is being generated. It becomes a wash. No one's wealth is increased.
Re:The long, slow, rotten march of progress
by skybrian on Saturday June 03, 2017 @02:36AM
(#14475306)
Depending on what you mean by "show up in inflation", it sounds like you have cause and effect backwards? The Fed increases interest rates to act as a brake on the economy (less investment) when they think they need to reduce inflation.
And credit can still be tight when rates are zero (or negative). Low rates as they stand hurt those that are trying to save.