Zero interest rates and The Fed money printing has been a tragic joke as a remedy to our economic ills. The dollar is devalued to the point of turning it into monopoly money. The only thing that saves it is, the other currencies are suffering under the same failed monetary policies. Our currency is the strongest of the weak. Not sure that is anything to be proud of.
Our real inflation rate is hidden by the government because it does not add in food and energy costs. They tell us the CPI is up around 1% to 2%. Anybody who buys gas or food weekly knows that is a lie.
The zero interest rate on big ticket items is also a joke because there are different pricing structures when the seller sets you up with zero interest. Always get you own financing in advance of shopping.
The banks need to start charging an honest interest rate up front instead of hiding it in the cost of goods and services financed. They will argue, it would cause more inflation and higher interest rate will slow the e…