The interest rate crisis has just begun
Making Money
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The Power of Interest Rates
This chapter explores the profound impact of interest rates on financial systems, including their historical significance and role in influencing credit growth, speculation, and asset valuation. It discusses the psychological aspects of financial decision-making, especially in the context of saving and investing, and examines the complexities surrounding low and negative interest rates. Additionally, it highlights how interest rates affect broader economic conditions, including inflation, mortgage debt, and consumer behavior.
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