moonbat1775

Destruction of Wealth?

"After all, we know that the savings rate in America is pitiful. "

Well either Americans are 1) dumb or 2) there are some perverse incentives at work here. Americans are dumb in some ways but they are pretty crafty about money so I vote for number 2).

And the culprit is: The Fed and fractional reserve banking lowering interest rates below free market rates. Is the victim supposed to cooperate in his rape?