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Jay M
CNBC Television
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Comments by "Jay M" (@jaym9846) on "White House advisor Larry Kudlow on the Fed interest rates" video.
If you do coke for a decade, it starts to lose it effect and reducing it (as the Fed tried to do) will be painful. The price for printing money out of thin air eventually comes to bite working people in the behind.
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As you probably already know, it stalled in 2008 (when big banks went bankrupt with others money) and rates have been cut for a decade That is why the average cost of a truck now $50,000 (with parts made it China) and the cost of a new house is out of the reach of more and more.
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