“Low interest are key to economic growth “
US Prime Rate during the Reagan years:
January 2, 1981 - 20.50%
February 8, 1982 - 16.50%
January 11, 1983 - 11.00%
March 19, 1984 - 11.50%
January 15, 1985 - 10.50%
March 7, 1986 - 9.00%
April 1, 1987 - 7.75%
February 2, 1988 - 8.50%
February 10, 1989 - 11.50%
Seems as if those high prime interest rates didn’t kill economic growth during the Reagan years.
Compare that to Obama, who had prime rates from 3.25 to 3.75 and somehow didn’t have an economic miracle.
Current Prime Rate, December 20, 2018 - 5.50%
Like I said the whole fed circus act is the control inflation by selling bonds at a high interest rate to shrink the money supply and to reduce inflation. The shrinking money supply slows the economy IT HAS TOO. That is how it works. That is fact. You cannot argue with that. Stop it you sound imbecilic..
Great point.