What’s the big deal about rate hikes?

What's the big deal about rate hikes? December 14, 2022 4:29 pm RobVG

Setting the interest rates has always been a tool to manage the economy. Under Bill Clinton, the economy chugged right along with a 9% rate. It seems to me a rate of 6-9% is a healthy. People (elderly) who preferred liquidity could make a sizable gain (or at least break even) by putting their cash into a savings account.

Potential home owners benefitted from the “free money” banks were borrowing and the fuckers never passed along the bonanza to their credit card holders or cash savers.

Contrary to popular belief... by ER 2022-12-14 20:02:04
- Wow by BuckGalaxy 2022-12-21 16:40:34
  - podinium by podrock 2022-12-21 20:34:12
    - podinium is basically worthless by podrock 2022-12-21 20:49:10
      - Your point? by BuckGalaxy 2022-12-21 21:09:08
        
        My point. by podrock 2022-12-21 21:22:48
        
        If something has no value it's demand is zero, according to the Law of S&D. by BuckGalaxy 2022-12-21 21:39:02
        
        Value is often an illusion. by podrock 2022-12-22 13:01:00
        
        One man's treasure is another man's trash by BuckGalaxy 2022-12-22 14:58:20
        
        Demand can be created, is what I am saying. by podrock 2022-12-22 17:31:42
        
        and what I'm saying is that doesn't matter by BuckGalaxy 2022-12-23 17:56:26
        
        Only it does matter by podrock 2022-12-23 20:59:49
        
        Where you are right by BuckGalaxy 2022-12-23 23:51:29
        
        Name ANY variable and I'll explain how it fits into eIther supply or demand by BuckGalaxy 2022-12-23 23:19:38
        
        Greed. Morality. Ponzi schemes. Tax free church collection plates. by podrock 2022-12-24 12:32:26
        
        epipen cost, etc by BuckGalaxy 2022-12-24 16:08:32
        
        Here's the thing about the epipen by podrock 2022-12-24 17:28:52
        
        It's a simplification BUT by BuckGalaxy 2022-12-23 22:54:21
        
        If value is assigned it exists. by BuckGalaxy 2022-12-21 21:32:04
        
        Assigned? By whom? by podrock 2022-12-22 13:03:21
        
        by whoever wants it by BuckGalaxy 2022-12-22 15:00:37
  - Economics is not physics by ER 2022-12-21 19:19:56
  - In your defense by BuckGalaxy 2022-12-21 19:05:57
    - We've covered this before, but you refused to accept it. by ER 2022-12-21 19:36:54
      - As for ice cream... by BuckGalaxy 2022-12-21 21:48:05
        
        You get it right? by BuckGalaxy 2022-12-21 22:20:07
        
        Sorry if I'm coming across as a dick by BuckGalaxy 2022-12-22 09:10:14
        
        No offense taken. I'm having fun. by ER 2022-12-22 09:36:01
        
        Free market fundamentalists... by BuckGalaxy 2022-12-22 09:50:49
        
        Now you're making sense. by ER 2022-12-22 09:52:39
        
        No by BuckGalaxy 2022-12-22 10:02:47
        
        "Naturally move to where demand wants them" by podrock 2022-12-22 12:45:39
        
        Please research this by BuckGalaxy 2022-12-22 15:10:09
        
        Example: Pet Rocks. by podrock 2022-12-22 18:45:35
        
        The reason they want it is irrelevant. by BuckGalaxy 2022-12-23 17:45:43
        
        Goods do not naturally flow to demand. by podrock 2022-12-22 17:30:49
        
        That's like saying water doesn't flow downhill by BuckGalaxy 2022-12-23 17:39:29
        
        Have you ever read "Cryptonomicon" by Stephenson? by podrock 2022-12-24 13:47:12
        
        The biggest disruption by ER 2022-12-22 10:10:14
        
        Human desires are part of natural law by BuckGalaxy 2022-12-22 10:17:05
        
        Smith also recognized the need for regulation. by podrock 2022-12-22 13:06:35
        
        And because by BuckGalaxy 2022-12-22 15:00:02
        
        Devolve? by podrock 2022-12-22 17:34:22
        
        A true free market fundamentalist... by BuckGalaxy 2022-12-23 17:55:16
        
        PS: We don't have money. We have currency. by podrock 2022-12-24 14:24:27
        
        I did read a college economic textbook once. by ER 2022-12-22 09:40:41
        
        Marxism is a system to change outcomes by BuckGalaxy 2022-12-22 09:56:07
        
        Your idea of what Marxism is by ER 2022-12-22 10:05:35
        
        I took political economy in my Senior year from a marxist by BuckGalaxy 2022-12-22 11:58:23
        
        Look around you by BuckGalaxy 2022-12-22 12:06:23
        
        Don't get misty on us, Buck. by ER 2022-12-22 13:16:51
        
        Any sensible person believes Capitalism needs rules by BuckGalaxy 2022-12-22 14:54:36
        
        Did your Marxist professor tell you about the Anarchists? by ER 2022-12-22 13:58:44
        
        Once again. by BuckGalaxy 2022-12-22 14:50:50
        
        100% by podrock 2022-12-22 13:24:05
      - OMFG this is frustrating by BuckGalaxy 2022-12-21 21:28:46
        
        Yes, it is. by podrock 2022-12-22 13:21:38
        
        sigh by BuckGalaxy 2022-12-22 15:15:23
        
        Its frustrating because we're talking about two different things. by ER 2022-12-22 09:30:21
        
        We're getting somewhere by BuckGalaxy 2022-12-22 15:27:27
        
        No, what I'm saying is... by ER 2022-12-22 17:48:51
        
        Honestly by BuckGalaxy 2022-12-23 22:28:44
        
        I withdraw my emoji. by ER 2022-12-24 05:25:51
        
        S&D and Human Behavior by BuckGalaxy 2022-12-24 11:55:55
        
        And a happy season to you too. by podrock 2022-12-24 14:03:24
        
        Likewise brother! by BuckGalaxy 2022-12-24 16:16:53
        
        Business ethics is an oxymoron. by ER 2022-12-24 12:16:09
        
        Corporate Philanthropy by BuckGalaxy 2022-12-24 15:33:35
        
        Its all about public relations and misdirection. by ER 2022-12-24 16:31:50
        
        (nicely played, by the way, given the day.) by podrock 2022-12-24 18:09:20
        
        And tax breaks. by podrock 2022-12-24 17:41:45
        
        "you are terrified I might be right" by BuckGalaxy 2022-12-23 18:07:54
        
        Star's burning hydrogen by BuckGalaxy 2022-12-21 22:02:04
1980 by podrock 2022-12-14 17:16:29

Recent posts

Search

The Control Panel