Argh... inflation. Now that my net worth is positive (and all my remaining debt is at fixed rates) I'm starting to understand the perils of low interest rates. My low-risk savings are returning a pittance thanks to the Federal Reserve, and now their ludicrously low rates are further undercutting the value of my investments by provoking inflation!

Inflation is the great economic equalizer... maybe leftist regimes create it intentionally. Debt inflates away as the value of the currency degrades, and wealth evaporates.

0 TrackBacks

Listed below are links to blogs that reference this entry: Raise Interest Rates!.

TrackBack URL for this entry: https://www.mwilliams.info/mt5/tb-confess.cgi/4896

Comments

Supporters

Email blogmasterofnoneATgmailDOTcom for text link and key word rates.

Site Info

Support