It will increase private savings. It will slow irresponsible buying.
On Sep 12, 8:21 am, gruff <[email protected]> wrote: > "... On Sep 11, 11:18 pm, rigsy03 <[email protected]> wrote: ..." > > > Raise interest rates across the board till the public trusts the value > > of money and assets again. The public has lost confidence. Not sure > > they could trust Greenspan, Summers and Geitner (sp?) to run a > > lemonade stand! > > Raising interest rates is not going to increase public trust. It will > ruin it because it will put a huge brake on lending which is the > lifeblood of business.
