Wednesday, December 17, 2008

We can buy the future; don't save for it.

The action of the Federal Reserve Board comes down on the wrong side of the economy issue. What it does, it seems to the Doser, is to encourage the continuance of profligacy and turn its back on the alternative: to save for the future.


Atticus said...

Several years ago, they dropped the interest rate on money market to 0.7%. That encouraged people to buy houses that they couldn't afford and that perked up the economy. With a little luck it may work again and would you be interested in buying a bridge?

Robbie Seal said...

Atticus, I hear several places are selling off their highways... Wanna go in halves on I-35 in Dallas? at this interest rate, who could pass this up?