How the fed is to blame for the crumbling infrastructure
If interest rates weren’t so low corporations would spend more money on capital expenditures instead of borrowing money to buy back their own shares. The Federal Reserve is indirectly responsible for the Crumbling infrastructure
because Corporations have no incentive to invest in the future when they can get cheap money to buy back their own shares and boost the compensation of their executives.
because Corporations have no incentive to invest in the future when they can get cheap money to buy back their own shares and boost the compensation of their executives.