Interest rates need to rise

Discussion in 'Economics' started by The Kin2, Aug 4, 2007.

  1. I can't believe some are suggesting that Ben should CUT rates. Our dollar will be weaker than a peso and even Government-fuged statistics will have a very hard time saying inflation is under 5% with a straight-face.

    Then again, if we were to see a cut, our $9 trillion debt will disappear (percentage of GDP) Holders will be paid back with much cheaper dollars than what they gave us. And out manufactoring sector will be able to compete with China.

    Maybe cutting rates isn't such a bad idea. Let the British become the nation's reserve currency.
  2. timbo


    Rates are still historically low. Whatcha talking 'bout Willis?
  3. I know, maybe rampant inflation and out of control economic growth in the short term is exactly what this economy needs...