I forgot to link that reply to this post from nosirommit.
"It is fairly obvious interest rates are too low. But look at the chart. It is also fairly obvious that they were once way too high. They won't be this low for ever. Eventually inflation is going to rear it's head and then the lazy savers will get a chance to earn risk free money again, although I might add for Crom's sake, they are the only ones who are actually insured by the federal government and will get bailed out should something go wrong.
As for closing ourselves off to the rest of the world because you want a 5% interest rate... OMG I don't even know where to start.
If you actually think that will work then I don't have the energy or time to debate it. Apart from saying that we might have a 5% interest rate but the economy would be royally screwed. So what is the end game here???"
