Disliked{quote} If lowering interest rates solved all humanities problems they would never have gone up in the 1st place, i assume we all agree they went up for a reason, or several reasons in the case of the US. You can solve one problem and create another, it's a trade off, there is a lot of moving parts that require a precise balance. It's precisely because someone used a simple approach to complicated problems, by printing money endlessly, that they went up.Ignored
What happened was 2020 COVID. When the government shut down the country it had to pick up the slack - as a business owner I got government checks so I could continue to pay my employees even though we were closed. Too much spending and too much waste occurred from 2020-2021.
Interest rates should be used to fine tune an economy not a sledgehammer. Lower US rates and it helps Wal-Mart who imports but it hurts Boeing who exports big ticket interest rate sensitive planes.
No there is no 1 simple answer on that we can agree.
