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Could someone dumb down this passage about interest rates for me?
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"When a government agency decrees a 0 percent interest rate, this is the same as the government forcing you to rent a house you own for nothing.

And what kind of tenant will you get for the price of bupkis-per-month? You'll get somebody running a meth lab- if you're lucky

Of course, you'll still have to pay the upkeep on your rental property: In the case of money, this means paying the taxes on what you've earned and saved so that you can have a sum of money to rent to someone.

Between the cost of "maintenance" on your money and the cost of inflation lowering the value of your money, what's actually going on is that you're paying money to have money borrowed from you."

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1 year ago