Interest rates

[Bad Brain]

I’m not teaching a fuckin class dude. Or qualified to. Or Fixin to have any three hour long stupid ass conversation with you about it. My wife will but she don’t work cheap.


Go to section 2.


https://www.federalreserve.gov/aboutthefed/files/the-fed-explained.pdf

Well you're both wrong, and that's for free

 

[Floyd Eye]

Well you're both wrong, and that's for free

Oh yeah. Flat earth boy versus an accountant/ fiduciary. Think I’ll take her word over yours.

You do a lot of borrowing or lending Acceptance ?

Tell me exactly how a rate hike or drop personally affects you. Be specific.

 

[Bad Brain]

Oh yeah. Flat earth boy versus an accountant/ fiduciary. Think I’ll take her word over yours.

You do a lot of borrowing or lending Acceptance ?

Tell me exactly how a rate hike or drop personally affects you. Be specific.

It's just an extremely important matter. Trillions of dollars and entire economies depend on it. That's my point, whether it affects one personally a lot or not. And that monetary policy simply consists of an interest rate and the monetary base.

 

[Floyd Eye]

It's just an extremely important matter. Trillions of dollars depend on it. That's my point, whether it affects one personally a lot or not. And that monetary policy simply consists of an interest rate and the monetary base.

Trillions of dollars that aren’t yours or mine. So like I said, it doesn’t mean much to us.

 

[Bad Brain]

Trillions of dollars that aren’t yours or mine. So like I said, it doesn’t mean much to us.

Well, my other point is that these things affect everyone, ultimately.

 

[Floyd Eye]

Well, my other point is that these things affect everyone, ultimately.

I never said it was inconsequential, just that it’s not real important to guys like you or me.