Oh, yeah, it's great. Inflation is running at least 20% (always double the government's number for the real rate), and if you loan your money to the same government that created all that inflation, they'll let you have a 1.5% return! Hooray!
But at least it's better than last month, when it was only 0.5%!
For the hundred years prior to 2008 (when they nationalized the banking system), you could get a point less than the mortgage rate in any run of the mill money market fund. That would be 5% here and now. Heck, I paid for my first car (a 3-year-old Mustang!) with lawn mower money that made 4.25% in a passbook savings account -- back when inflation ran about 0% (before Nixon took us off the gold standard).
Sure is great having experts to run the world instead of that nasty old capitalism, right?
Last edited by Blueblaze; 07-21-2022 at 08:55 AM.
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