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Jay M
CNBC Television
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Comments by "Jay M" (@jaym9846) on "VP Pence: The Fed should consider lowering interest rates because of low inflation" video.
If you have the Fed print a lot of money of thin air and give it to banks and corporations to buy stocks, it creates an artificial bubble. But when Fed stops printing money, everyone pulls their money and market collapses. Why will it be any different this time?
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Why is printing money bad under Obama, but good under Trump?
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Americans have lost half a trillion dollars in interest alone due to government printing money (via its own Fed) since last financial collapse. Since Big Banks have been able to get money at low interests from Fed and the go ahead to loan $90 for every $10 in the bank, they have no incentive to offer rates much higher than 0% for money earned by workers. https://www.cnbc.com/2019/04/10/americans-have-lost-500-billion-in-interest-after-financial-crisis.html
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