Diamonds and Dogs
Taking the Easy WayTaking the Easy Way
The easy way is not always the best way. The Fed has taken interest rates to the lowest levels ever. I repeat ever. Their actions have been in direct response to a financial crisis that almost took the entire money system down. Like giving a drunk more whiskey, the Fed has made easy money, the same easy money that nearly destroyed our country, the cure for all evils. Today, the Fed again stayed with their easy money, low interest rate course by keeping the fed funds rate at a range of 0-1/4%. In order to stimulate the economy, it's about time the Fed made the tough choice to raise rates. By raising rates we would be able to reward savers, the people that have invested, paid their bills, participated socially, and done the right things. Low rates hurt those who have done the right thing. By raising rates, we can immediately slow down the rate of investment scams and Ponzi schemes that have dramatically increased as common people search for a return on their investments. Raise interest rates and you will lower real estate values so that people can afford a home. Finally, if you raise interest rates, companies and individuals that have strived to "do the right thing", as opposed to our governments, that have strived to save for a rainy day; will be rewarded for their fiscal responsibility. Economic growth comes from innovation and savings, the Fed needs to raise rates now.