"If you would know the value of money; go, and try to borrow some! For, he that goes a borrowing, goes a sorrowing! and indeed, so does he that lends to such people, when he goes to get it in again!"

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The Fed's low-interest policy not only encourages spending and borrowing, it discourages the one thing that best helps people raise themselves into higher economic classes — saving.

— Mark Thornton