Entrepreneurs begin and build businesses, some of which propel a few of them to great wealth.
You loan me $10.
I pay you back $9.
That’s a negative interest rate.
You may have noticed that mortgage rates are hovering just above 3 percent. A local bank touted a 2 percent-plus rate on a time deposit in this paper recently. Interest rates on money market funds are near zero.
A recent column, "Billionaires help have nots get what haves have," champions billionaires who give back.
I was pleased to see reporting in this paper on the results of an attempt by the left to negatively affect a local candidate they oppose by making spurious charges.