Originally Posted by BucEyedPea
Yeah, I never thought of the govt being able to get the cheapest rates ever. I knew it encouraged excessive spending. I did know that Wall St benefits more than Main Street. The Keynesian model actually does make the rich richer and the people poorer. Especially the elderly who are on fixed incomes. This protects the assets of the wealthy as it keeps their values from falling and they can afford to borrow more, then pay back with cheaper dollars. Not the little guy. This is why the poor and middle-class are getting poorer while the upper percent gets richer.
I think this is why the left keeps crying "trickle-down" doesn't work. They just haven't identified the real cause is all.
Plus the fact that the Fed has been buying all these bonds and what not, the treasury doesn't want to be paying higher rates to the Fed while the Fed is buying chunks of treasury bonds.
It's a giant ponzi scheme. This is why the $ is never talked about. It's boring and most people don't understand currencies. And politicians like it that way because they can blame the big bad oil companies when gas gets high instead of correctly identifying the real cause.