Small buisness should. A small buisness should have the right to turn down a customer because its against their religion or creed.
However, once a buisness becomes international, once it becomes a board and something bigger than itself, it should become a public entity with certain obligations to service constitutional rights, not recive them.
Example:
Facebook claims Floridas new law censors their right to free speech, because Facebook sees itself as having the rights of a person. It doesnt, it shouldnt.
Walmart shouldn't have the right to turn away people who haven't been vaccinated.
Could a mom and pop shop? Sure. Its their right.
Yet some places would starve without access to mega corporate shoping centers. If Walmart, Target, and dollar stores banned together to deny service to a demographic, that would be catestrophic.
Idk. Im uncertain on how the law actually works, its just an observation I felt like sharing.
Low interest rates are like any other market price. They communicate how to allocate capital. A healthy economy finds a balance that sits between production and consumption, between long term investments and short term investments. If you can buy a nice new TV at 1% then why save 5 years to buy it, but if you can only get one at 25% financing, then most people will say fuck it, I'll just save up a few years and get it. If a company can finance a 20 year long term investment, like Mr Fusion, if the interest rates are near zero, then financing it will be cheap. But if interest rates are 30%, then financing that over two decades years would crush them.
By lowering the interest rates below what a free market would, the fed is basically lying to us all about the capital we have. It would be like if I was a brick supplier, and I promised you 1000 bricks per day for a whole year, for dirt cheap. So then you go off and make all these huge plans, start all these building projects, and so on. But then after supplying you faithfully for a few months, I show up in my brick truck one day with 100 bricks. I ran out. I sent you signals that lied to you about how many I had and how inexpensive they were. So now you're fucked, you started all these huge projects, did all this refinancing, did whatever, and now all the projects you are doing have to come to a screeching halt while you figure out what to do. Or maybe I supply you 1000 bricks, but they are now the size of legos. Watering down the money is probably what the fed is going to do. Either way, you are fucked because I was a fraud and a liar.
Thank you for this. I think I get it now. I was actually referencing this in some talks with friends over the weekend, so we all learned something :P
Basically, the feds artifically lowered intrest rates means their loaning out money the economy (our capital) can't really afford. Eventually, they'll have to either print more money to compensate, face a backlash of inflation(?), or both. In the end, that 20 year low intrest loan isnt enough to sustain their projected expenses because its a lie that has repercussions.
The value of that loan will crumble and never hit its inteded target. The value of that money just isn't really there.
Yeah, the fed has the power to print money, which is a huge power, but they don't have the power to print up real goods and services. They don't have the power to print up houses, steel, wheat, or other things. So one way or another, they are issuing checks that the economy can't cash. They can delay the day of reckoning some, but the more they do, the more it fucks everything up.