Are Low Interest Rates Good?
The cost of borrowing money is at a record low. Is this a good thing?
Many argue that we need low interest rates to increase spending and decrease saving, but Prof. Davies explains that artificially low interest rates cause people to spend now, rather than later in the future. It alters spending habits, but it doesn’t create “more spending.”
So, what interest rate is best for the economy? Prof. Davies says the market rate— the rate we get when the Federal Reserve doesn’t meddle in financial markets.
See Also
Blog Updates
I recently made some changes to the layout of my blog:
- New blog title — I wasn’t happy with the way it looked before, as if it were missing something. Now it is all uppercase letters, and there is a byline that says “Sovereign Individual.”
- New logo — I have been using this logo as my avatar in the Dashboard and on books that I have formatted for easier reading on a computer. I thought it was about time it appeared somewhere on my blog, so I placed it at the bottom of each page.
- New copyheart message — I have been using copyheart for a while however I wasn’t able to find a suitable place for the message with my new theme, until now. The new logo felt like it was missing something, so I decided to put my copyheart message there.
- New custom 404 page — Tumblr doesn’t let you customise this page by default, but by using a bit of Javascript I worked around that problem. Now whenever someone lands on a page and it doesn’t exist they will get a message from me along with helpful tips to find what they are looking for.
I’d also like to mention that I have written up a how-to for people who want to replicate what I did with regards to copyheart, custom 404 pages, and titles for every post type (even though I figured this one out before these recent updates, I still thought I’d share how I did it).
