Opinion
CNBC’s Insane Defense Of Inflation Is Worse Than You Think
The headline read: “Inflation’s Silver Lining: Higher Salaries”, and the article expanded on the childish logic that the title was based on.
The headline read: “Inflation’s Silver Lining: Higher Salaries”, and the article expanded on the childish logic that the title was based on.
Unlike the Federal Reserve’s decreasingly valuable paper notes, the goldbacks contain within them a scarce commodity of inherent and time-tested value: gold.
Over the past few months, they have cut their interest rate by a drastic 73%. Now, they can only offer customers a 0.8% interest rate. Why did they do this? What impact will this have?