04 May 2010
US Interest Rate Still Unconscionably Low
This from BBC News: The US Federal Reserve has decided to keep the interest rate at nearly zero. As I said on my facebook page, I do not usually believe in conspiracy theories. A large group of people, in my experience, does not have a high enough average IQ to sustain a complex deception. However, in this case, I am getting a little suspicious. Why on earth would the Fed keep the interest rate down so long after it ceased to be economically expedient? It does not make sense. Either the Fed contains stupider people than it should, or some other force wants the interest rate to stay low.
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