The three most terrifying words in the English language… President Hillary Clinton.
Right Wing Libertarianism, Classic liberalism, Objectivism, Minarchism, Individualism, Capitalism. The West.
"It is a communist chocolate hellhole and I'm here to stop it ever happening"
I’m looking for dynasty builders. Not gender confused dickheads
The effect of keeping interest rates artificially low, in fact, is eventually the same as that of keeping any other price below the natural market. It increases demand and reduces supply. It increases the demand for capital and reduces the supply of real capital. It creates economic distortions. It is true, no doubt, that an artificial reduction in the interest rate encourages increased borrowing. It tends, in fact, to encourage highly speculative ventures that cannot continue except under the artificial conditions that gave birth to them. On the supply side, the artificial reduction of interest rates discourages normal thrift, saving, and investment. It reduces the accumulation of capital. It slows down that increase in productivity, that ‘economic growth,’ that ‘progressives’ profess to be so eager to promote.