Interest rates really should have went up a couple of years ago. Not just for the sake of stemming inflation, but what good is the tool of lower rates in bad times when they are already at bottom in good times?
If something goes wrong (or more wrong) we will have no effective economic tools available because they are constantly running as if we are in crisis already.
If something goes wrong (or more wrong) we will have no effective economic tools available because they are constantly running as if we are in crisis already.