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Message: [QUOTE="HuskyHawk, post: 4041809, member: 1414"] I'd be more interested in the views that exclude central bankers who have a vested interest in monetization of the debt. I lived through the 1970's and 80's and have not seen anything like this since then. Now, I don't want interest rates at 16% (I had 16.25% on my first passbook savings account as a kid). But near zero, when we have no problems at all with economic growth at the moment except the massive brake caused by labor shortages and supply shortages, that is irrational. Rates need to come up. The only reason we aren't doing it (IMO) is that nobody is buying U.S. Debt except the fed, so we want to keep the borrowing cost low. This is an experiment in applying modern monetary theory, and so far I'd give it a about a D-. [/QUOTE]