Since Bernanke's idea of a good economy is a good stock market, we're NOT SUPPOSED to earn jack on savings! Hell, there's no such thing as savings in a monetarist economy.
My grandma taught me to put my savings away and watch it grow over time. But that was in the good ol days of 5% interest rates on basic savings.
Grandma was full of it, according to the Fed.
Bernanke expects us to buy stocks! Buy buy buy! Money sitting in saving deserves to be eaten by inflation, according to the monetarists. Only moving money moves the economy by their calculations.
By my calculations, however, every time my money moves, it gets less and less due to fees, fines, penalties, and tax.
"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"
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