high interest rates would bring down both inflation and things like housing costs. look at what the fed did in the late 80s and early 90s when inflation hit 18%. you earned interest on money in your checking account (although (((they))) made that illegal later because god forbid anyone should have an incentive to save money), and even ultra-safe investments could yield a decent return. of course the high rates meant the government couldnt print trillions off dollars, and big companies couldnt borrow tens of billions of dollars to run operations at a loss until their competitors went bankrupt. (((they))) didnt like that, either.
United States