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So why doesn't the Fed just cut interest rates to ZERO?

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tachyon Donating Member (520 posts) Send PM | Profile | Ignore Fri Mar-14-08 05:10 PM
Original message
So why doesn't the Fed just cut interest rates to ZERO?
Wouldn't that basically solve our fiscal problems...forever?

:eyes:
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halfmoon dem Donating Member (66 posts) Send PM | Profile | Ignore Fri Mar-14-08 05:14 PM
Response to Original message
1. you think
Maybe you should ask Japan.
I don't think it helped
I do think it hurt
check it out
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tachyon Donating Member (520 posts) Send PM | Profile | Ignore Fri Mar-14-08 05:17 PM
Response to Reply #1
4. I couldn't find an appropriate smiley...
we need one that shows {insanity is doing the same thing again expecting different results}

sorta

;-)
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Doctor Cynic Donating Member (965 posts) Send PM | Profile | Ignore Fri Mar-14-08 05:14 PM
Response to Original message
2. yes, and cause the Euro/USD exchange rate to reach 2.5 overnight.
:argh:
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RC Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 05:15 PM
Response to Original message
3. Because my money market fund would not earn anything?
What needs to be done is to RAISE interests rates to curb inflation and then get our jobs back into this country to take care of the rest of the problem.
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tachyon Donating Member (520 posts) Send PM | Profile | Ignore Fri Mar-14-08 05:19 PM
Response to Reply #3
5. Yeah...rats my clever post turned out shitty...see post 4
:blush:
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halfmoon dem Donating Member (66 posts) Send PM | Profile | Ignore Fri Mar-14-08 05:23 PM
Response to Reply #5
7. thats ok
Don't you hate when the TP is out of reach.
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margotb822 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 05:20 PM
Response to Reply #3
6. Don't forget about ending wars and
having a tax policy that supports our needs!
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 05:36 PM
Response to Original message
8. the japanese had at one time a negative interest rate...
yes they were paying people to take out loans....
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