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Old 02-01-2013, 10:31 AM   #45
TonyR
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Join Date: Apr 2008
Location: Mid-Atlantic
Posts: 18,337
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Quote:
Originally Posted by cutthemdown View Post
Tony by making things like student loans and car loans really easy to get all it does is allow those industries to charge more then their product is worth. By making int rates so low we encourage people to spend beyond their means.
I'm just not sure what your suggested alternative to lower interest rates would be. Lower rates allows people to refi their mortgages, allows more people the ability to afford homes, allows businesses to borrow more affordably, etc. These are all stimulative to some degree, no? I don't know that people are "borrowing beyond their means" a lot right now because lending standards have tightened considerably. Again, I don't know what alternative you're suggesting by criticizing low interest rates.
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