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When the cost of capital is virtually zero, do you know who gets hurt the hardest? Once again, the poor! It doesn’t matter whether interest rates are super high or super low. It still sucks to be poor.
What a dumb title. The poor can’t take advantage of low interest rates. They see their homes and shopping centers bought up. Their lives ever more precarious. The title makes it sound like we should lower interest rates. No! That would mainly serve to benefit the wealthy. You need to take specific actions to help these people which are usually to the detriment of the super consolidated business.
S&P is up? Poor people suffer. Is down? Also suffering. Up, down, get it? ... We have the best financial system in the world, because of suffering.
They also never seriously look at increasing taxes on those with higher incomes, which would lower inflation more effectively, since they have more room for discretionary spending.
Or reform the tax system altogether to target wealth instead of income.