Quote:
Originally Posted by docholly
Encouraging people to put money in to savings is the only real way to stabilize the economy for the long haul. Cutting interest rates is just a very small bandage.
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Interest rate cuts in 2000-2001 is what put the economy where it is today with the sub prime mortgage crisis and the fate of the low US dollar around the world.
Hopefully it doesn't happen again. I'm sure foreign investors will be smarter this time around.