Interest Rates Continue to Edge Higher. Interest rates peaked in early 1980 at 20% on the Federal Funds Rate, the key short-term borrowing rate set by the Federal Reserve. Known as the Prime Rate years ago, it reflects very short maturities. Longer term rates, such as Five, Ten, or Thirty Year Maturities are set in […]
The solution is a lot easier than one might think. In fact, just about anyone, on an individual level, has found themselves in a similar position: too many bills, too much debt and not enough income. The difference is that NONE of us can print money and/or change the rules so as to circumvent the system. […]
Yesterday, we began a series on how to fix the budget deficit by suggesting wholesale changes to how individuals are incentivized through the structures of taxes. Change how people are rewarded and punished and you’ll get them to do what we, as a society, would like to see done. That was Step 1. Step 2: […]
