Wackonomics

[DirkFTW]

Sigh. So the difference between a bank and my grandmother's mattress just got even smaller? Awesome

[alexamenos]

Originally Posted by DirkFTW

Sigh. So the difference between a bank and my grandmother's mattress just got even smaller? Awesome

yeah, basically...for now we should say the difference between the fed and your grandmother's mattress got smaller, but there wasn't any difference in the first place. Seriously....if the interest rate is basically the price of money, what does a 0% interest rate tell you about the value of money?

What it tells me is that the price of a Federal Reserve Note is rapidly approaching it's intrinsic value.