Committee to Save the World
Imposing a 20% fed funds rate would be catastrophic. The whole financial system — in the US and much of the rest of the world — would shrivel up. Because we have 40 times as much federal debt.

Imposing a 20% fed funds rate would be catastrophic. The whole financial system — in the US and much of the rest of the world — would shrivel up. Because we have 40 times as much federal debt.
