It really might be different this time as the Fed puzzles over why high rates aren’t hitting the economy harder

5 comments

1. We need other ways to cool the economy besides interest rates. Maybe fine grained adjustable taxes, so we can soften demand in particular sectors without messing so much with the cost of capital.

2. Maybe I’m way off, but could the extreme amount of capital held by wealthy investors bypass the traditional banking model? Wouldn’t large accounts of cash be virtually immune to the interest rates?

3. We’ve started to see a few small signs of the economy weakening. I’d say the interest rates have been spectacularly on target and did their job.

4. Credit cards allow many people to not face reality until they’re forced to hit a brick wall. Then they’re in extreme debt with few ways to dig themselves out.

   I personally believe that the attitude towards credit card usage are what’s allowing this to go on for so long.

5. Taxing the super rich is the only way out of this if the idea is to maintain the government backed capitalism that the US tries to have. Have we learned nothing from history?

   Expecting mass downvotes.