wrong about the "foundation of modern capitalism". Capitalism exists when there are few government restriction in starting and running a business. Ccapitalism exists when taxes are low enough for people to save enough. This savings is what is the seed for future capital investments. US stopped being a capitalist country a long time ago. One of the steps in moving away from capitalism is lowering of interest rates. You put the cart ahead of the horse unfortunately.
wrong about the "foundation of modern capitalism". Capitalism exists when there are few government restriction in starting and running a business. Ccapitalism exists when taxes are low enough for people to save enough. This savings is what is the seed for future capital investments. US stopped being a capitalist country a long time ago. One of the steps in moving away from capitalism is lowering of interest rates. You put the cart ahead of the horse unfortunately.
cray0308 2 years ago