Posted by taxguru on April 6, 2002
For Every Action, There’s A Reaction
I was skimming over the dead tree version of the AARP’s April Bulletin, and there is a picture of an Oklahoma couple who are whining that they can’t afford to replace their (what appears to be relatively new) pickup because the interest rate on their CDs is only 2.6% instead of the 8% they had been previously earning.
This is just one example of how what is great for most people (low interest rates), isn’t as well received by others. Life isn’t always a zero sum game; but it often resembles one. Take low oil prices. Great for users; but bad for producers. You just can’t please all of the people all of the time.
KMK
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