Mashinsky points out how the Federal Reserve, by lowering its interest rates to near zero, offers an unlimited amount of zero percent loans to large banks who offer credit cards during COVID-19. At the same time, these banks are raising their already high credit card interest rates even higher on tens of millions of unemployed Americans.
https://www.forbes.com/sites/jasonbrett/2020/05/04/how-crypto-innovator-alex-mashinsky-challenges-fed-monetary-policy/#736d0b423923 #blockchain Mashinsky points out how the Federal Reserve, by lowering its interest rates to near zero, offers an unlimited amount of zero percent loans to large banks who offer credit cards during COVID-19. At the same time, these banks are raising their already high credit card interest rates even higher on tens of millions of unemployed Americans.
https://www.forbes.com/sites/jasonbrett/2020/05/04/how-crypto-innovator-alex-mashinsky-challenges-fed-monetary-policy/#736d0b423923
#blockchain