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Very low to entice borrowing so that when the currency printers contract the supply of THEIR Fiat currency, everyone will get squeezed and they can pick up cheap labour, cheap property, cheap chattle etc. Then we start it all over again. It keeps them from getting bored.

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Q: What were the interest rates during the great depression in the US?
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How did the federal reserves higher interest rates in the 1930s complicate the Great Depression?

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How did the Federal Reserve's higher interest rates in the 1930s complicate the great depression?

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