tag:blogger.com,1999:blog-1226267430376629917.post5740821861857151425..comments2023-09-29T10:40:21.283+02:00Comments on Shut up Whitey: Fun facts for the day : economyUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1226267430376629917.post-33491430295360120512013-02-16T20:36:24.792+02:002013-02-16T20:36:24.792+02:00Hi Rooster
What do you think needs to be done or ...Hi Rooster<br /><br />What do you think needs to be done or done differently to put SA on its path to achieving its full potential?Boertjienoreply@blogger.comtag:blogger.com,1999:blog-1226267430376629917.post-60861685866949835432013-02-11T10:52:20.086+02:002013-02-11T10:52:20.086+02:00Low interest rates isn't necessarily a good th...Low interest rates isn't necessarily a good thing, like you're trying to suggest.<br /><br />Interest rates are artificially regulated by the (Reserve Bank) government. Low interest rates encourage debt creation because credit is made more accessible. More debt leads to higher inflation. A basic study in economics will help further understanding. America has low interest rates (regulated by the Fed), yet has rising inflation due to too much money printing.<br /><br />http://www.bdlive.co.za/opinion/2013/02/11/proof-that-high-inflation-leads-to-more-public-violence<br /><br />"Becker says the only sustainable way to put an end to the destruction of the living standards of the poor and middle class in SA is for the Reserve Bank to tighten monetary policy, allow interest rates to rise, and let the rand strengthen. That would rein in inflation and protect the poorest from the ravages of runaway price increases."Econo101noreply@blogger.com