by mell ➕follow (9) 💰tip ignore
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The cartoon is confused.
Bernake is afraid that the bad US economy would get worse with higher interest rates.
Expecting low interest rates to stimulate the economy and create jobs is always a fantasy anyway.
Investors who have a choice with their money will buy stocks if interest rates are low.
Higher interest rates only are useful to combat inflation by throwing cold water on the economy.
The cartoon should instead show the fantastic level of deficit spending and $16,000 billion debt.
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