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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (246555)6/19/2003 6:16:11 PM
From: UnBelievable  Read Replies (1) of 436258
 
But Less Than We Agreed To Pay When We Borrowed The Money

Now I understand that it has been a while since I studied economics, but I am confused.

If interest is the price of capital,

And when you increase the price of something you get more, or decrease the price of something you get less,

And an adequate capital pool is critical to economic productivity and wealth generation,

How does lowering interest rates to zero do anything to help the economy grow?

I apologize for my ignorance in advance. I went to The University of Chicago and I understand that Milton Friedman recently said that everything they taught us was wrong.
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