Notable because it’s the Wall Street Journal saying this, not some left-of-center publication.
This post uses a gift link which turns into a non-gift link after 300 clicks. When it runs out, there is an archived copy of the article
Notable because it’s the Wall Street Journal saying this, not some left-of-center publication.
This post uses a gift link which turns into a non-gift link after 300 clicks. When it runs out, there is an archived copy of the article
That involved both interest rates and tax policy via changes to the R&D credit, so perhaps not an ideal example
In theory, yes. But the cheap interest is being used disproportionately by the rich, not for reinvestment, but for stock buybacks, high compensation, stock leveraged loans, and private equities to flip companies.
Not just in theory; we’ve seen interest rates used exactly that way several times.