WBUR's "On Point" will be holding a discussion about interest rates this morning and I'll be listening. In the comments section already there's a post so intelligent that it needs to be repeated. The comment comes from "Yar":
I want to understand the relationship of debt, taxation and the interest rates the fed sets. Untaxed public spending is inflationary by definition. Untaxed private spending is exploitive of the working class who’s work is multiplied to create wealth for the rich. Our status is built on all of those below us on the economic ladder and we are part of the support of all those above us. It comes crashing down when we decouple our interests from all those who hold the economy up from the bottom. The healthcare debate is really about shifting from our current regressive tax on the working class to a progressive tax on society as a whole. Why won’t we look at the big picture in our economic system? I hope to hear some plain truth.
