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The Super Bubble (EP.273)

Animal Spirits Podcast

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Low Borrowing Costs or High Interest Rates?

i get it this time. No, i do generally believe that this idea that rising pries does hurt the lowest income class the worst. And for society as a whole, i think it's psychologically more beneficial to have low borrowing costs and higher income on risk free investments. I guess this is another thing that probably is better for people with low incomes, cause they borrow more money. In a lot of ways, you're screwed, correct? Like rent is playing catch up, and it's unaffordable for most people to buy a new home right now, if they aren't already in one. It's almost like, if you're a renter, you're kind of screwed either way

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