the fourth place
Post details: Interest rates too low?
11/12/06
Interest rates too low? 
Uni fees. High taxes. House prices kept artificially high by too low interest rates. Rip-off railfares. Proposed new taxes and road pricing.
I'm not an economist, so I won't beat myself up for not noticing this before, but after a UKIP home blogger put this idea into my head this seems obvious and right. It's an idea that has gone "click" in my head in the way free-market liberal ideas did when I first read those.
There are too big economic issues that get a lot of attention:
- too much individual credit-card debt
- high house prices
Now then, what do those things have in common? Borrowing! Affordable borrowing must increase mortgage spending and credit card spending for exactly the same reasons. It's cheaper to do it.
It's so obvious in retrospect that I feel all I need now is to dispose of the counterargument. So, what else might cause these issues if its not low interst rates? And why is the situation artifical? Has the Government lowered the interest rates somehow?
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the fourth place
Sometimes when there's a lot going on in your head its nice to get it out on paper. Paper's too old fashioned so this programmer does it online. I'm 25 living in London and trying to develop an intelligent opinion about how the world should work. I'm not all there yet, so do help me out.
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