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To: sarcasm
The prime rate has to be raised into the power zone. 2% to 5%. It's too low to encourage investment.
17 posted on 09/03/2002 3:51:18 PM PDT by RightWhale
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To: RightWhale
The prime rate has to be raised into the power zone. 2% to 5%. It's too low to encourage investment

Help me here. I seem to remember something from my Economics courses in the '60s about there being interest rates that encourage a successful economy, and they can neither be too low nor too high. Is this the "power zone" idea you refer to?

I'm actually tempted to go to a used book store and see if I can find an old Samuelson text, just to connect my educational background with the stuff I read today.

19 posted on 09/03/2002 4:40:34 PM PDT by grania
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