23
Like many things, people seem to think that interest rates operate within a vacuum. Too many people believe economic and monetary matter are straigh-forward. They are not.
In this video I discuss how people will borrow at 20% if they can make money. By the same token, if they can't, 1% interest rates won't interest them.
Comments:
Reply:
To comment on this video please connect a HIVE account to your profile: Connect HIVE Account