A decade of near zero interest on cash investments has pushed more and more money into inflating asset bubbles such as housing.
A decade of near zero interest on cash investments has made it far more difficult for working and middle class families to accumulate a nest egg.
A decade of 5% interest on passbook savings would go a long way to solve the problem from both ends, but under the Bush/Obama/Trump administrations, (or the Clinton or Sanders administrations for that matter), it’s not happening.
