Monday, September 21, 2015
I thought that this article was very interesting and proposed a new perspective on Wall street and how they should be handled. This article specifically talked about interest rates, especially interest rates given out by the government. Right now the government is debating whether to raise the interest rates that it gives to Wall street and its companies. These Wall street companies borrow money money from the government to invest in other companies and programs. These companies then pay the loans back to the government with whatever interest rates they gave them originally. After the recession, the government wanted to encourage people to spend money, in order to speed up the economy once again. However one big problem with this idea is the effectiveness and efficiently, in fact many government officials and economists argue that it has not been efficient, and this program should stop. In this article, the author claims that the Wall street companies are using biased onions in order to continue getting this money from the government, and that zero interest rates are ineffective and in fact bad for the economy. The author of this article believes that the government should take these interest rates away, especially now that we are no longer in that much of a recession. I think that if these low interest rates are hurting the economy and others, then it should be stopped.
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