If you owned a business that was suffering because your infrastructure was crumbling (think of a restaurant with bricks falling off the building front and restrooms that didnt work) and if you could borrow money at a 0.4% interest rate to fix your crumbling infrastructure and reverse your declining earnings, would you go ahead and make that investment? Not if youre a Republican you wouldnt... that is, if you follow Republican orthodoxy these days. Nope -- instead you would fire some more staff people and buy cheaper ingredients hoping to cut your way back to profitability. Does that make sense? No? Then tell your Republican legislators it is time to start investing in America once again. Its all upside. Note: as your interest rate is lower than the rate of inflation, youre actually borrowing at a negative interest rate. Makes even greater economic sense to invest now. nytimes/2014/10/27/opinion/paul-krugman-ideology-and-investment.html?smid=re-share&_r=1
Posted on: Mon, 27 Oct 2014 17:58:31 +0000
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