Do you think the common person benefits from high interest rates? Pray tell, how?
replyIt helps keep inflation under control, for one thing. For another, it helps prevent billionaires from wasting even more money on boondoggles.
reply> prevent billionaires from wasting even more money on boondoggles
replyThis is what you want though? If everyone stops "wasting even more money on boondoggles" there is no innovation, and no jobs if nobody is making more boondoggles.