[dalereed]

“Perhaps we should revisit the days of high interest rates”

Can’t wait!

Made more money durring those years than before or after.

Buying and selling property and borrowing at 12% and loaning it out at 18%.

[rightinthemiddle]

I congratulate you on your contributions to society.

[aroundabout]

I recall commercial paper paying 21% (Int Harvester) AND not even getting a 1099 for the money made. It was all done through a bank which for some reason simply pooled all the money dedicated to commercial paper according to the paper they were buying and then used their own id number for tax purposes. This is how it was explained to me and I didn’t spend to much time worrying about it. After all earning 21% tax free would seem to come under the sort of gift horse one doesn’t want to look in the mouth