July 15, 2022

The Real Cost Of These Higher Interest Rates

As one pundit put it, Americans have become used to free money. And it is true. Since the Great Financial Crisis of 2008, it has been the policy of the Federal Reserve to maintain near-zero interest rates. Free money, if you will. So why not borrow as mu...


As one pundit put it, Americans have become used to free money. And it is true. Since the Great Financial Crisis of 2008, it has been the policy of the Federal Reserve to maintain near-zero interest rates. Free money, if you will. So why not borrow as much as you can? That at least seems to be the mantra of many.