Schiff: Interest Rates Should Be Higher, Not Lower Via SchiffGold.com, Along with Trump, market watchers are salivating for rate cuts. But rates should be higher, not lower – and in a free market, they would be. In a free market, interest rates are determined by the supply and demand for credit. Savers provide capital (supply) while borrowers like businesses, consumers, and governments create demand. Rates would reflect the real cost of capital. They would balance risk, inflation expectations, and real economic conditions. Instead, we trust a small handful of individuals with full implied mastery of an infinitely complex system with endless… — Continue at ZeroHedge News : Read More
