Originally Posted by chiefforlife
Given that this thread started out about job creation...wouldnt charging business's more money to borrow, stifle job growth in the same way as raising taxes?
The difference being, the government would get the gain as opposed to the banks.
It would also allow for capital formation which would eventually create jobs. That would be because it's encourages savings then just consuming all the time. There has to be some balance.
It wouldn't happen overnight but the someone needs to slam on the brakes the way Volcker did under Reagan.
“Experience should teach us to be most on our guard to protect liberty when the Government’s purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.” — James Madison