Well, I am not talking getting the interest rates up to 1980 status. I can remember a neighbor having a CD that paid 16%.
Yes, that's right - 16%.
But the times were different because inflation was running 20% or higher and people actually wondered if that was the right move - to buy a CD at 16%.
I don't think having CD's paying 8-10% would be that much of a crimp on the economy (but what do I know?). Banks could turn around and loan that new liquidity at 15%, maybe less with advent of internet banking.
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