Come on CBT. I just woke up, having a cup of coffe. And you link this ZIRP thing I have to try and figure out.
, i can summarize it for you in one sentence:
"Zero Interest Rate Policy means letting money be lent virtually for free in order to drive economic growth and fight recession, but actually leads to giving unsustainable (if rates rise) loans to people/companies/banks that they end up misallocating to things money shouldnt be lent for, like buying 1000 copies of EoW."
Edit:
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side note to some of the card dealer type guys that claim to be big rollers and doing it all with cash....... Equifax report picture or it didnt happen
I actually learned something here. (thumbs u
Thanks my friend.