tag:blogger.com,1999:blog-2098432983500045934.post7345771480395392061..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: "useless as a fire-hose against a tsunami"The Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-57845335998338838932012-08-20T20:19:04.981-04:002012-08-20T20:19:04.981-04:00Still, interest rates are about as low as they can...Still, interest rates are about as low as they can be. We cannot expect additional rate reductions to further reduce financial costs by any significant amount. There is, however, another way to reduce financial costs. We can try debt forgiveness and debt writedowns and policies along those lines.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-84900207032227003652012-08-20T13:19:00.330-04:002012-08-20T13:19:00.330-04:00True enough. But borrowing costs are not zero - n...True enough. But borrowing costs are not zero - not for you and me. Mortgage interest is still above 3%, and I could get a new car loan for 2.75.<br /><br />These are historically low numbers, not not zero. Only the Federal governemnt gets that.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com