Who Pays?

I don’t like it when Governments lower interest rates to support weak economies. The interest rate is the price of money. The price of money is the salary paid to money for working. Money should cost something. When interest rates are lowered, borrowers benefit and lenders suffer. So Gran and Grampa who conservatively hire their money out to others, get paid less. Those buying second, and third, and fourth properties, pay the lower salary of the money they are borrowing to empire build. Still receiving the higher rent. Money is lent to those who can prove they don’t need it. Money is made by solving the problems of those with money. One way to strengthen the economy rather than transferring money from lenders to borrowers would be a Universal Basic Income. Get money to people who need it, and allow people to solve their problems. Interest rates are money’s salary. If you are wondering who pays when they are lowered, visit your Gran.

My Gran always gave me a Lemon Cream