Post
Topic
Board Economics
Re: Why are savings interest rates TINY (lower than inflation) in the US?
by
Gatorhex
on 15/12/2012, 15:11:10 UTC
Because the Fed is trying to force companies like Apple to take their huge cash pile and invest it in new jobs/products or distribute it as dividends.

In effect use it or lose it.

Savers are collateral damage, but that also too helps the velocity of money, if they go out an spend it.

I would prefer they use a corporate capital reserve tax and leave savers out of this financial war.