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100% Junior. The government / Fed should be encouraging people to save money by making savings pay a decent interest rate. I don't buy the argument that we HAVE to have a zero percent interest rate to help the economy get better. We had MANY good years of a thriving economy with interest rates in the 4-5% range. A real economy is built upon savings, hard work, appropriate investment, and making the things that people want at a fair price. Without savings, there can be no investment and without investment there can be no building of the things that people want nor the jobs that such efforts require. They are like a guy who has shot himself in both feet and is now playing music to make his hopping around seem like dancing. 
Posted 12/26/2011 05:07 am
It is interesting that someone mentioned the "inflation tax," which is a very real problem. When there is a government sanctioned, yet privately run money counterfeiting operation, is it any wonder that the "1%" own so much? Those close to the money tap are those that benefit, because they spend the money before the market reacts to the supply dilution. We have no control of rate at which our currency supply is inflated (the rate at which our savings' purchasing power is robbed or taxed). It boils down to taxation without representation, which is the same tomfoolery that we fought against a couple centuries ago.
... just sayin'
... just sayin'
