Quote:
Originally Posted by Cantwaittoarrive
By keeping the interest rates artificially low the last 4 or so years the Fed has been doing the same to anyone that puts $$ in a "savings" account" instead of earning 3 or 4% on a savings account you now earn .5% thereby losing 3 or so % a year compounded so how is that different? It's actually worse.
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If you keep all of your money in the bank, the Fed isn't doing it to you, you are doing it to yourself.