Quote:
Originally Posted by jasonnoguchi
To put in absolute layman terms,
Higher interest rate = bad for economic expansion
Lower interest rate = good for economic expansion
The reason interest rate all over the world is so low is because the world needs to get out of the recent recession by stimulating economic expansion.
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...and to put it bluntly, stashing cash in a savings account doesn't do much for "stimulating economic expansion". Conclusion: the true patriots will take all their cash and go on a shopping spree.
