this post was submitted on 02 Jul 2024
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Housing Bubble 2: Return of the Ugly
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This is a bad take. The federal funds rate is currently about 4.5%, which is a historically normal value. During Clinton's term the rate hovered around 5%. Having the rate at or near 0% is terrible, it means there's no margin left in the economic system and it really only benefits bankers and other financial interests.
4% is a good place for the ffr.